Gabriella is a beneficiary of a business trust. As a beneficiary,she is required to

Question

Quizplus · Accepted Answer

As a beneficiary of a business trust, Gabriella is not responsible for distributing the trust's profits or assuming responsibility for the trust's debts. These responsibilities fall on the trustee, who manages the trust assets and distributes profits to the beneficiaries according to the terms of the trust agreement. It is also not Gabriella's responsibility to draft a trust agreement, as this would typically be done by the creator of the trust or their designated representative. Therefore, the correct answer is D, none of the choices.

Gabriella Is a Beneficiary of a Business Trust