A trustee has a duty to make proper allocation of benefits and burdens between income beneficiaries and remaindermen.Which of the following statements is true concerning this allocation?

Question

Quizplus · Accepted Answer

Extraordinary expenses are typically chargeable to the remaindermen because these expenses often relate to the preservation or enhancement of the trust's principal, which benefits the remaindermen who are entitled to the trust assets after the income beneficiaries' interests have ended.

A Trustee Has a Duty to Make Proper Allocation of Benefits