Massachusetts General Laws ch. 203C sec. 8 – Costs incurred
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Section 8. In investing and managing trust assets, a trustee shall incur only costs that are appropriate and reasonable in relation to the assets, the purpose of the trust, and the skills of the trustee.
Terms Used In Massachusetts General Laws ch. 203C sec. 8
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Trustee: A person or institution holding and administering property in trust.