Which of the following statements is most accurate?
A) Because a beneficiary who consents to a breach of trust cannot sue the trustee, it is possible for a trustee to act in a way which is not authorised by the trust instrument provided all the beneficiaries agree.
B) Because the terms of the trust instrument are binding on the trustee, no departure from those terms is possible, even if the beneficiaries consent.
C) Variations of trust require the sanction of a court of law, even if all the beneficiaries consent.
D) Variations of trust are possible with the consent only of all known beneficiaries even if there are some beneficiaries who have not consented because their whereabouts are unknown.
Correct Answer:
Verified
Q1: Which one or more of the following
Q3: Danielle establishes a trust with Richard as
Q4: Which of the following is a group
Q5: Which one or more of the following
Q6: Which of the following statements is true
Q7: Which of the following statements is true
Q8: Marlene leaves a substantial sum in her
Q9: Which of the following is least likely
Q10: Klee leaves all of his substantial estate
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents