3.__Relevant circumstances to consider.__Among circumstances that a trustee shall consider in investing and managing trust assets are all of the following that are relevant to the trust or its beneficiaries:

A.__General economic conditions;

B.__The possible effect of inflation or deflation;

C.__The expected tax consequences of investment decisions or strategies;

D.__The role that each investment or course of action plays within the overall trust portfolio, which may include financial assets, interests in closely held enterprises, tangible and intangible personal property and real property;

E.__The expected total return from income and the appreciation of capital;

F.__Other resources of the beneficiaries, to the extent the other resources are known to the trustee;

G.__Needs for liquidity, regularity of income and preservation or appreciation of capital; and

H.__An asset's special relationship or special value, if any, to the purposes of the trust or to one or more of the beneficiaries.

4.__Reasonable effort to verify facts.__A trustee shall make a reasonable effort to verify facts relevant to the investment and management of trust assets.

5.__Kind of property; type of investment.__A trustee may invest in any kind of property or type of investment consistent with the standards of this chapter.

§903.__Diversification

A trustee shall diversify the investments of the trust unless the trustee reasonably determines that, because of special circumstances, the purposes of the trust are better served without diversifying.

§904.__Duties at inception of trusteeship