The Act raises the standard of care applied to executors and trustees who make investments for others; the prudent man handling his own investments standard is changed to one of a prudent trustee handling the investments of others. The Act also permits trustees to consider individual investments in the context of the overall investment portfolio and provides factors to aid in determining the liability of executors and trustees for their investment performance.
"WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES Trusts: Amend the Standard for Investments by Fiduciaries,"
Georgia State University Law Review:
1, Article 36.
Available at: http://readingroom.law.gsu.edu/gsulr/vol5/iss1/36