633.123 - PRUDENT INVESTMENTS -- FIDUCIARIES.

        633.123  PRUDENT INVESTMENTS -- FIDUCIARIES.         1.  When investing, reinvesting, purchasing, acquiring,      exchanging, selling, or managing property for the benefit of another,      a fiduciary shall consider all of the following circumstances along      with the circumstances identified in section 633A.4302, if      applicable:         a.  The length of time the fiduciary will have control over      the estate assets and the anticipated costs of complying with the      provisions of this section.         b.  The unique nature of all of the following:         (1)  The duties of a personal representative or conservator.         (2)  The assets, income, expenses, and distribution requirements      of the estate.         (3)  The needs and rights of the beneficiaries or the ward.         c.  The express provisions of a will, codicil, or other      controlling instrument.         2.  The standards identified in this section shall be applied      differently than similar standards for investment and management of      trust property.  Special consideration shall be given to the expected      term of estates.  Because some estates will have limited duration,      there may be situations where an investment or a change in an      investment is not warranted.  
         Section History: Recent Form
         2007 Acts, ch 134, §7, 28         Referred to in § 633.649 
         Footnotes
         Section applies to all estates, conservatorships, and trusts under      court supervision and in existence on or after July 1, 2007; 2007      Acts, ch 134, §28