Which of the Following Is a Typical Duty of a Trustee

question 53

Multiple Choice

Which of the following is a typical duty of a trustee?

• A) File the entity's state and Federal income tax returns.
• B) Invest the assets that comprise the corpus of the entity.
• C) Distribute entity accounting income to the beneficiaries in accordance with the provisions of the trust instrument.
• D) All of these.

---

Definitions:

Team Effectiveness

The degree to which a team achieves its objectives, efficiently utilizes its resources, and maintains the well-being of its members.

Technology

The usage of science-based knowledge to achieve practical outcomes, especially within industrial contexts.

Formal Rules

Are established regulations and procedures that govern organizational and group behavior.

Procedures

Established methods or ways of doing something, often detailed and written down, especially in the context of business operations or professional practices.