If a Trustee Fails to Comply with the Terms of the Trust

question 33

True/False

If a trustee fails to comply with the terms of the trust or the governing statute, he or she is personally liable for any loss.

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Definitions:

Multiple Sclerosis

A chronic autoimmune disease affecting the central nervous system, leading to varying degrees of physical and cognitive disabilities.

Myelin

A fatty substance that surrounds and insulates the axons of some neurons, enhancing the speed at which electrical impulses are conducted.

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.

Neurotransmitters

Chemical substances that transmit signals across a synapse from one neuron to another in the nervous system.