Estate of FREDERICK M. BISSINGER, Deceased. BARBARA BISSINGER GRANT, Objector and Appellant, v. SECURITY FIRST NATIONAL BANK, Petitioner and Respondent
212 Cal. App. 2d 831 ·
California Court of Appeal · Filed
Published · citable
Holding
The court held that a trustee's discretionary investment decisions, made in good faith and with due consideration for the competing interests of income and remainder beneficiaries, are entitled to judicial deference and will not be disturbed on appeal absent a clear showing of abuse of discretion or failure to act as a prudent investor.
Statutes construed
- CIV ยง 2261