{"data":{"id":"us-dc/d.c.-code-19-1309.02","jurisdiction":"us-dc","citation":"D.C. Code § 19-1309.02","heading":"Standard of care; portfolio strategy; risk and return objectives.","body":"(a)\nA trustee shall invest and manage trust assets as a prudent investor would by considering the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.\n\n(b)\nA trustee’s investment and management decisions respecting individual assets must be evaluated not in isolation, but in the context of the trust portfolio as a whole and as a part of an overall investment strategy having risk and return objectives reasonably suited to the trust.\n\n(c)\nAmong the circumstances relevant to the trust or its beneficiaries that a trustee shall consider in investing and managing the trust assets are the following:\n(1)\nGeneral economic conditions;\n(2)\nThe possible effect of inflation or deflation;\n(3)\nThe expected tax consequences of investment decisions or strategies;\n(4)\nThe role that each investment or course of action plays within the overall trust portfolio, which may include financial assets, interests in closely held enterprises, tangible and intangible personal property, and real property;\n(5)\nThe expected total return from income and the appreciation of capital;\n(6)\nOther resources of the beneficiaries;\n(7)\nNeeds for liquidity, for regularity of income, and for preservation or appreciation of capital; and\n(8)\nAn asset’s special relationship or special value, if any, to the purposes of the trust or to one or more of the beneficiaries.\n\n(d)\nA trustee shall take reasonable steps to verify facts relevant to the investment and management of trust assets.\n\n(e)\nSubject to the standards of this subchapter, a trustee may invest in any kind of property or type of investment.","path":["Title 19. Descent, Distribution, and Trusts. [Enacted title]","Chapter 13. Uniform Trust Code.","Subchapter IX. Uniform Prudent Investor Act."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/19-1309.02","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"b8c73dd60ec18bc741e0b81346290255b0dd88cce70e58e31ae5183872ff138e","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-19-1309.01","next":"us-dc/d.c.-code-19-1309.03"},"notice":"GroundRules: Original legal text. Not legal advice."}