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Source Trustee Duties Complete Trusts and Estates for MPT List Matched to this deck.

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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.
Which statement is most accurate?

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The trustee breached only if the trustee personally bought the stock. The trustee likely breached the duty of prudence by failing to review and diversify absent special circumstances. The trustee is never required to diversify a trust portfolio. The trustee complied with prudence because no investment can be judged until the trust terminates.

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