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?
A) Current expenses are chargeable to the remaindermen.
B) Extraordinary expenses are chargeable to the remaindermen.
C) Money paid for the use of trust property is chargeable to the remaindermen.
D) Any profit from the use of trust property is allocated to the remaindermen.
Correct Answer:
Verified
Q45: Which of the following statements about wills
Q46: A valid will must be witnessed. Which
Q47: Probate is the:
A) reading of a will
Q48: A trust will fail for lack of:
A)
Q49: The characteristics of a spendthrift trust include
Q51: Testamentary capacity refers to:
A) the age of
Q52: In most states, a trustee's investment decisions
Q53: An amendment to a will is called
Q54: A trust created by will and effective
Q55: Almost all jurisdictions require that:
A) express trusts
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