2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.4302 - STANDARD OF CARE -- PORTFOLIO STRATEGY -- RISK AND RETURN OBJECTIVES.

        633A.4302  STANDARD OF CARE -- PORTFOLIO STRATEGY --
      RISK AND RETURN OBJECTIVES.
         1.  A trustee shall invest and manage trust property 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.
         2.  A 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.
         3.  A trustee shall consider all of the following circumstances,
      to the extent relevant to the trust or its beneficiaries in investing
      and managing trust property:
         a.  General economic conditions.
         b.  The possible effect of inflation or deflation.
         c.  The expected tax consequences of investment decisions or
      strategies.
         d.  The 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.
         e.  The expected total return from income and the appreciation
      of capital.
         f.  Other resources of the beneficiaries.
         g.  Needs for liquidity, regularity of income, and
      preservation or appreciation of capital.
         h.  An asset's special relationship or special value, if any,
      to the purposes of the trust or to one or more of the beneficiaries.

         4.  A trustee shall make a reasonable effort to verify facts
      relevant to the investment and management of trust property.
         5.  A trustee may invest in any kind of property or type of
      investment consistent with the standards of this part.  

         99 Acts, ch 125, §62, 109
         C2001, §633.4302
         2005 Acts, ch 38, §54, 55
         CS2005, §633A.4302
         Referred to in § 523A.203, 633.123