Multiple Choice
Which duty prohibits a trustee from personally profiting from his/her position as trustee (other than the compensation allowed by contract or law) ?
A) Duty to take possession of and preserve trust property
B) Duty of loyalty
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
Q1: Which is an invalid trust combination?<br>A)The settlor,
Q2: The trustee in the trust instrument is
Q3: A single trust may have only one
Q4: After the creation of a trust, title
Q5: If there are two trustees, one may
Q7: MATCHING:<br>-The monetary gain that is generated from
Q8: MATCHING:<br>-A contract, made between and signed by
Q9: Any transferable interest in an object of
Q10: MATCHING:<br>-The right of the beneficiary to receive
Q11: A settlor may cancel a trust if