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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 is never required to diversify a trust portfolio. The trustee likely breached the duty of prudence by failing to review and diversify absent special circumstances. The trustee's only duty was to maximize current income. The trustee can avoid liability by showing that one beneficiary liked the company.

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