The Law Of Trustee Investments

The use of trusts, both revocable and irrevocable, is growing, and it is increasingly important for the trustee to prudently invest the trust's assets. The Madoff scandal and legislative developments have highlighted the importance of that duty. Written with the individual trustee in mind - lawyers, individuals acting as trustees, financial planners, and accountants - this book examines the law of diversification, investment directions, determining breach and damages, and provides guidelines for drafting an investment plan.

" ... provides detailed coverage of the rules governing the different types of investments available to trustees, some basic income tax consequences of those investments, and some of the economic theory behind investing. This Portfolio discusses the laws applicable to trustees when investing trust assets"--P. (iii).

Excerpt from The Investment of Trust Funds: Incorporating the Trustee Act, 1888, And, the Trust Investment Act, 1889 Since the First Edition of this Book was published a measure of great importance to all persons connected with or interested in the management of trust funds has become law. The Trustee Act, 1888, received the Royal Assent on the 24th day of December, 1888. It is not proposed in this Preface to discuss the clauses of this Act. It is considered advisable to place the full text of the statute, with notes upon the sections, in a separate chapter at the beginning of this Edition. And in later chapters the effect of the various sections of the Act is incorporated into the text, with cross references. The Author will only add here the expression of his humble opinion that the present legislation is, upon the whole, a desirable measure, and one which may be gratefully accepted by the public at large. It will tend to diminish the heavy responsibility cast upon trustees in the management of the trust estate. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

This comprehensive guide for trustees and other fiduciaries offers a detailed listing of securities that are authorized for investment under the Trustee Act 1893 and the Colonial Stock Act 1900. Each security is annotated with essential information, including current market values, yield rates, tax implications, and growth potential. The book also provides helpful information on investment strategies and portfolio management for trustees and other investors. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.