Which duty prohibits a trustee from personally profiting from his/her position as trustee (other than the compensation allowed by contract or law) ?
A) Duty to take possession of and preserve trust property
B) Duty of loyalty
C) Duty to prevent the investment of the trust property
D) Duty to make payments of income and principal to the named beneficiaries
Correct Answer:
Verified
Q16: MATCHING:
-The person who has the enjoyment and
Q17: MATCHING:
-Oral testimony or written evidence
A)legal title
B)cestui que
Q18: MATCHING:
-The monetary gain that is generated from
Q19: MATCHING:
-A trust included in a will
A)legal title
B)cestui
Q20: A single trust may have only one
Q22: Which is an example of remainder beneficiary
Q23: The court may appoint or replace a
Q24: Which is NOT considered valid grounds for
Q25: Which is NOT an essential element of
Q26: Which is NOT a trustee's duty?
A)Duty to
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