6. List five of the trustee’s duties.
What will be an ideal response?
Trustee’s duties include:
Care in the management of the trust, using ordinary and reasonable skill (of course, an expert will be held to a higher standard of care)
Loyalty
Good faith
Preserve and protect the trust assets
Not self-deal (not personally benefit from managing the trust aside from taking a reasonable fee)
Not delegate trust duties to anyone else
Maintain accurate records
Take possession of the trust assets
Make the trust principal profitable
Pay all trust debts
Collect all debts owed to the trust
Other duties may be found in the sample trust.
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Which of the following should not be performed by a legal assistant because of ethical restrictions or because it constitutes the unauthorized practice of law?
A) Attend depositions and trials with the attorney B) Summarize legal documents C) Appear in administrative hearings before the Workers Compensation Board D) All of the above are prohibited. E) None of the above are prohibited.
Design a trust for your pet(s) or some imaginary pets.
What will be an ideal response?
Contemporary smoking gun documents may include emails, text messages or similar electronic communications that are generated and stored in an organization or client's data server
a. True b. False Indicate whether the statement is true or false
An active founding owner of a law firm is often called a(n)?
A. ?senior associate. B. ?associate. C. ?senior partner. D. ?counsel.