Which of the following is not a duty of a trustee?
A) to use reasonable skill
B) to keep accurate records
C) to invest trust assets
D) to deliver possession of trust assets to the settlor for the trust period
Question 2
Which of the following is an incorrect statement concerning trusts?
A) The trustee has legal title to the corpus.
B) The beneficiary has equitable title to or beneficial interest in the corpus.
C) Generally, a beneficiary may not transfer his or her interest in the trust.
D) A trustee cannot delegate the performance of personal duties.
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What Is Our Duty to Others?
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