The duty of impartiality is owed by a trustee to:
A) The co-grantors of a trust, such as a married couple that establish a trust for their offspring
B) The income beneficiary and remainderman of a split-interest trust
C) The trustee and beneficiary of a spendthrift trust
D) An individual who is both the grantor and the beneficiary of a blind trust established for his benefit

Question

Quizplus · Accepted Answer

The duty of impartiality is owed by a trustee to the income beneficiary and remainderman of a split-interest trust. This duty requires the trustee to act fairly and impartially between the two parties, and not favor one over the other. Choices A, C, and D do not involve split-interest trusts and therefore are not appropriate answers.

The Duty of Impartiality Is Owed by a Trustee To