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Tyus Jackson Recently Established Two Trusts

Question 20

Multiple Choice

Tyus Jackson recently established two trusts.Meryl,a CPA,is the trustee of Trust Number 1.Daryl,is a skilled,non-CPA accountant who is the trustee of Trust Number 2.Meryl is subject to:


A) The identical fiduciary duties that apply to Meryl
B) Stricter fiduciary duties than apply to Meryl, if the trusts are inter vivos trusts
C) Stricter fiduciary duties than apply to Meryl, if the trusts are testamentary trusts and Tyus no longer is alive
D) Stricter fiduciary duties than apply to Meryl, regardless of the type of trust that was created, because of the AICPA's Statement on Conduct in Fiduciary Services

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