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0 tracked cards Supplemental - Not MEE July 2026

A trust was funded almost entirely with stock in one public company. The trust instrument did not direct retention of the stock. For four years, Trustee kept the entire position without reviewing the beneficiaries' needs, market risk, taxes, or alternatives. The stock then fell sharply.
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The trustee complied with prudence because the stock originally came from the settlor. The trustee likely breached the duty of prudence by failing to review and diversify absent special circumstances. The trustee can avoid liability by showing that one beneficiary liked the company. The trustee's only duty was to maximize current income.

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