Printable Format58a-803. Impartiality. If a trust has two or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries' respective interests.
History: L. 2002, ch. 133, ยง 60; January 1, 2003.
CASE ANNOTATIONS
1. Trustee violated duties of loyalty, impartiality and prudence where trustee failed to act as a fiduciary to all the beneficiaries, and trust language giving uncontrolled discretion does not relieve a trustee from fiduciary duties. Roenne v. Miller, 58 Kan. App. 2d 836, 475 P.3d 708 (2020).