Restatement of the Law, Trusts: Tentative Draft, Issue 5Subject covered: Part 6. Trust administration -- ch. 18. Remedying breach of trust : general principles -- ch. 23. Accounting for principal and income. |
Common terms and phrases
abuse of discretion adjustment power administration allocation American Law Institute apply appropriate Ascher on Trusts assets Attorney authority Bogert breach of trust charitable trust circumstances co-trustee Comment d consent court create or imply cy pres determine discretionary power distributions duty of impartiality enforce the trust equitable adjustment exculpatory clause exercise granted holding the trustee imply a duty Income Act income and principal income beneficiary investment laches Law of Trusts maintain a suit matters misconduct Modern Portfolio Theory no-contest clause percent person portfolio Principal and Income principal-and-income accounting private letter ruling Prob ratification reasonable remainder beneficiaries Reporter's Note thereto Restatement Second Scott and Ascher Section settlor special interest special-interest standing standing to enforce statutes of limitations statutory supra trust estate trust income trust instrument Trust Law trust provision trustee liable trustee's duty Trusts Second Uniform Act Uniform Trust Code unitrust election UPMIFA