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Author Question: The trustee has this type of interest in the property in trust, meaning that the trustee has an ... (Read 72 times)

09madisonrousseau09

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on: Mar 2, 2019

Question 1

Which of the following was not discussed in the textbook as a reason for creating a trust?


◦ Management of the trust property by someone other than him or herself
◦ Tax savings
◦ Prevention of a beneficiary from getting property outright
◦ Creating a will was more expensive

Question 2

The trustee has this type of interest in the property in trust, meaning that the trustee has an affirmative duty to act in the best interest of the trustor and primarily the beneficiaries of the trust, and not his or her personal interests.


◦ Beneficial
◦ Legal
◦ Fiduciary
◦ Primary
Wills, Trusts, and Estates Administration ¦ Herskowitz ¦ 5th Edition
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Marked as best answer by 09madisonrousseau09 on Mar 2, 2019

lkanara2

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Reply #1 on: Mar 2, 2019
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09madisonrousseau09

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Reply #2 on: Mar 2, 2019
Thank you!


lkanara2

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Reply #3 on: Mar 2, 2019
Always glad to help...


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