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of <h1>Trustees Must Act Quickly to Understand Trust Property, Secure Transfers, and Avoid Risky Investments per Trust Instrument.</h1> A trustee must promptly familiarize themselves with the nature and circumstances of the trust property. They are required to secure a transfer of the trust property to themselves when necessary and ensure that trust funds are not invested in insufficient or risky securities, unless permitted by the trust instrument. For example, if the trust property is an outstanding debt without discretionary power for delay, the trustee must recover it promptly. Similarly, if money is held by one of two co-trustees without discretionary power, the other must ensure it is not retained longer than necessary.
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