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Pennsylvania Statutes Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries § 7780.22. No duty to monitor, inform or advise - UDTA 11

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Directed trustee.--Unless the terms of the trust provide otherwise:

(1) A directed trustee does not have a duty to:

(i) monitor a trust director; or

(ii) inform or advise a settlor, beneficiary, cotrustee or trust director as to any matter on which the directed trustee might not have acted as the trust director acted or as to any matter on which the directed trustee might have acted but the trust director did not act.

(2) By taking an action described in paragraph (1), a directed trustee does not thereby assume a duty that is excluded by paragraph (1).

(b) Trust director.--Unless the terms of the trust provide otherwise:

(1) A trust director does not have a duty to:

(i) monitor a trustee or another trust director over which the trust director has no authority; or

(ii) inform or advise a settlor, beneficiary, cotrustee or other trust director as to any matter on which the trust director might not have acted as a trustee or other trust director acted or as to any matter on which the trust director might have acted but the trustee or another trust director did not act.

(2) By taking an action described in paragraph (1), a trust director does not thereby assume a duty that is excluded by paragraph (1).

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries § 7780.22. No duty to monitor, inform or advise - UDTA 11 - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-20-pacsa-decedents-estates-and-fiduciaries/pa-csa-sect-20-7780-22/

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