<Li> Kentucky, and </Li> <P> In enacting the Uniform Prudent Investor Act, states should have repealed legal list statutes, which specified permissible investments types . (However, guardianship and conservatorship accounts generally remain limited by specific state law .) In those states which adopted part or all of the Uniform Prudent Investor Act, investments must be chosen based on their suitability for each account's beneficiaries or, as appropriate, the customer . Although specific criteria for determining "suitability" does not exist, it is generally acknowledged, that the following items should be considered as they pertain to account beneficiaries: </P> <Ul> <Li> financial situation; </Li> <Li> current investment portfolio; </Li> <Li> need for income; </Li> <Li> tax status and bracket; </Li> <Li> investment objective; and </Li> <Li> risk tolerance . </Li> </Ul> <Li> financial situation; </Li>

Under the provisions of the uniform prudent investor act a trust