A Trustee Has a Duty to Make Proper Allocation of Income

question 37

Multiple Choice

A trustee has a duty to make proper allocation of income items.Which of the following statements is true concerning this allocation?

• A) Ordinary income is allocated to the remainderman.
• B) Ordinary expenses are chargeable to the income beneficiary.
• C) Rents and royalties to the remainderman.
• D) Extraordinary repairs to the income beneficiary.