GEORGIA CODE (Last Updated: August 20, 2013) |
Title 53. WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES |
Chapter 12. TRUSTS |
Article 13. TRUSTEES' DUTIES AND POWERS |
Part 1. DUTIES OF TRUSTEE |
Section 53-12-247. Duty of impartiality
Latest version.
- Except to the extent that the governing trust instrument clearly manifests an intention that the trustee shall or may favor one or more of the beneficiaries, a trustee shall administer a trust impartially based on what is fair and reasonable to all of the beneficiaries and with due regard to the respective interests of income beneficiaries and remainder beneficiaries.
Code 1981, § 53-12-247, enacted by Ga. L. 2010, p. 579, § 1/SB 131.