Prudent Man Rule

A fundamental legal maxim restricting the discretion of a trustee or executor to manage assets entrusted to him or her as a person of prudence would do under similar circumstances—i.e. with discretion, intelligence, honesty and care. The prudent man rule does not require that the trustee or executor always make correct decisions; it merely requires him or her to make decisions that will be generally accepted as sound for someone of average intelligence. See Prudent Investor Act.

Estate Planning Blog

Get useful estate planning insights about wills, trusts, elder law, special needs planning, and more from the estate planning attorneys at TuckerAllen.

Read More

O'Fallon, MO

2897 Highway K Suite 210 O’Fallon, MO 63368


1001 S. Kirkwood Road Suite 130 Kirkwood, MO 63122

Fairview Heights

331 Salem Place Suite 210 Fairview Heights, IL 62208

Town & Country

12935 North Forty Drive Suite 102 Town & Country, MO 63141

Reference: Prudent Man Rule