Title 18-B, Title 18-B

In administering a trust, the trustee may incur only costs that are reasonable in relation to the trust property, the purposes of the trust and the skills of the trustee.

A trustee who has special skills or expertise, or is named trustee in reliance upon the trustee's representation that the trustee has special skills or expertise, shall use those special skills or expertise.

1. Delegation. A trustee may delegate duties and powers that a prudent trustee of comparable skills could properly delegate under the circumstances. The trustee shall exercise reasonable care, skill and caution in: A. Selecting an agent; [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003…

A trustee shall take reasonable steps to take control of and protect the trust property.

1. Adequate records of administration. A trustee shall keep adequate records of the administration of the trust. 2. Separation of property. A trustee shall keep trust property separate from the trustee's own property. 3. Interest of trust, records. Except as otherwise provided in…

A trustee shall take reasonable steps to enforce claims of the trust and to defend claims against the trust.

A trustee shall take reasonable steps: [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).] 1. Compel delivery. To compel a former trustee or other person to deliver trust property to the trustee; and 2. Redress breach. To redress a breach of trust known to the t…

1. Inform beneficiaries. A trustee shall keep the qualified beneficiaries of the trust reasonably informed about the administration of the trust and of the material facts necessary for them to protect their interests. Unless a request is unreasonable under the circumstances, a tr…

1. Discretionary power; interests of beneficiaries. Notwithstanding the breadth of discretion granted to a trustee in the terms of the trust, including the use of such terms as "absolute," "sole" or "uncontrolled," the trustee shall exercise a discretionary power in good faith an…

1. General powers. A trustee, without authorization by the court, may exercise: A. Powers conferred by the terms of the trust; and [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).] B. Except as limited by the terms of the trust: (1) All powers over the trust p…

Without limiting the authority conferred by section 815, a trustee may: [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).] 1. Collect trust property. Collect trust property and accept or reject additions to the trust property from a settlor or any other person;…

1. Proposed distribution. Upon termination or partial termination of a trust, the trustee may send to the beneficiaries a proposal for distribution. The right of any beneficiary to object to the proposed distribution terminates if the beneficiary does not notify the trustee of an…