Which of the Following Is Not One of the Rights

question 10

Multiple Choice

Which of the following is not one of the rights of child beneficiaries under a trust:

• A)The right to direct the trustee to terminate the trust and distribute the trust proceeds.
• B)The right to insist on up to date accounts and information.
• C)The right to replace the trustee or appoint an alternative trustee to the extent prescribed in the trust deed.
• D)The right to apply to the Court for guidance where they are unsure about their rights.

---

Definitions:

Identified

Specified or determined, often used in contexts where certain items, transactions, or options are selected for specific treatment or action.

Involuntary Conversion

This involves compensation received for the destruction, theft, confiscation, or condemnation of property or the disposition of property under threat of these actions.

Replacement Period

The timeframe during which property must be replaced to defer recognition of gains for tax purposes under certain conditions.

Tax Due

The amount of tax liability one owes to a tax authority after all calculations are completed.