ID S1046

Amends Idaho Code Section 15-7-302 to revise the trustee's standard of care requirement, replacing "prudent man investor" language with "prudent man" to clarify the standard for dealing with trust assets.

Requires trustees with special skills or those named based on representations of special skills or expertise to use those skills in managing trust assets.

Amends Idaho Code Section 68-514 to clarify that the chapter's provisions apply to persons authorized and appointed by court to act as either a guardian or conservator.

Changes terminology in Section 68-514 from "this act" to "this chapter" for technical correction and clarity.

Applies regulatory standards to banks, trust companies, and individuals serving as guardians or conservators under Idaho law.