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.

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Definitions:

Group Cohesiveness

The extent to which members of a group stick together and remain united in pursuing common goals or objectives.

Set Goals

The practice of establishing clear, achievable targets for oneself, often related to personal or professional development.

Efficacy Data

Information collected from research studies that measures the effectiveness of a treatment or intervention.

Group Therapy

A form of psychotherapy where a small, structured group of individuals meet to discuss and explore their psychological issues with the guidance of a therapist.