Benny is the sole beneficiary of Paul's trust. In this trust, Benny:
A. can serve as sole trustee during the trustor's lifetime.
B. can also serve as the sole trustee.
C. cannot serve as a trustee or testator.
D. cannot serve as the sole trustee.
Answer: D
You might also like to view...
What are three characteristics of a senser personality type?
What will be an ideal response?
Identify the six epolicies organizations should implement to protect themselves.
What will be an ideal response?
The budgeting process does not involve which of the following activities:
A) specific goals are established B) Periodic comparison of actual results to goals C) Execution of plans to achieve goals D) Increase of sales by increasing marketing efforts.
Which of the following is NOT true of the executive summary?
a. It provides an overview of the essential elements in an entire report. b. It includes the table of contents. c. It summarizes the recommendations. d. It previews the major report divisions.