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    Exam 15: Managing a Business: Business Ownership
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    As the Trustee Owns the Trust Property on Behalf of the Beneficiaries
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As the Trustee Owns the Trust Property on Behalf of the Beneficiaries

Question 1

Question 1

Multiple Choice

As the trustee owns the trust property on behalf of the beneficiaries, the trust property is not available to the trustee's creditors in the event of:


A) bankruptcy only.
B) death of the trustee.
C) liquidation only.
D) bankruptcy or liquidation.

Correct Answer:

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