Multiple Choice
Which duty prohibits a trustee from personally profiting from his or her position as trustee other than the compensation allowed by contract or law) ?
A) Duty of loyalty
B) Duty to take possession of and preserve trust property
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
Correct Answer:
Verified
Q4: After the creation of a trust, title
Q8: MATCHING:<br>-A contract, made between and signed by
Q10: Which is an invalid trust combination?<br>A)The settlor
Q11: The form of ownership of trust property
Q13: MATCHING:<br>-Oral testimony or written evidence<br>A)legal title<br>B)cestui que
Q13: Which is NOT considered valid grounds for
Q14: Which is NOT an essential element of
Q16: Beneficiaries of a trust must be defined
Q24: An infant may be a beneficiary of
Q30: The settlor's retention of control over the