Answer the following statements true (T) or false (F)
1. A trustor can be a corporation.
2. A person can have a legal disability, like mental illness, and still be a trustee.
3. It is a duty, as a trustee, to keep all current beneficiaries informed concerning the administration of the trust and to protect their interests.
4. A trustee may hire professionals to assist him or her in the duties, but not hire someone to manage the trust instead of him or her.
1. True
2. False
3. True
4. True
You might also like to view...
?Legislative courts do not include the U.S.
A. ?Claims Court. B. ?District Court. C. ?Tax Court. D. ?Court of Veterans Appeals.
Initially, estate taxes must be paid in the following manner:
a. The personal representative files IRS Form 1040 within nine months of the decedent's death. b. The personal representative files IRS Form 4768 within nine months of the decedent's death. c. Estate taxes are no longer filed. Congress did away with the estate tax. d. The personal representative files IRS Form 706 within nine months of the decedent's death.
Unfair labor practices may have different categories
Indicate whether the statement is true or false
A memorandum of law is usually filed in court
Indicate whether the statement is true or false