A Trustee Has a Duty to Make Proper Allocation of Benefits

question 72

Multiple Choice

A trustee has a duty to make proper allocation of benefits and burdens between income beneficiaries and remaindermen. Which of the following statements is true concerning this allocation?

• A) Current expenses are chargeable to the remaindermen.
• B) Extraordinary expenses are chargeable to the remaindermen.
• C) Money paid for the use of trust property is chargeable to the remaindermen.
• D) Any profit from the use of trust property is allocated to the remaindermen.

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Definitions:

Innate

Existing naturally or by birth rather than being learned or acquired.

Unconscious Conflict

Unconscious conflict refers to deep-seated internal dilemmas that lie outside of conscious awareness, often stemming from repressed thoughts or feelings.

Sociocultural Perspective

The view that focuses on the roles of ethnicity, gender, culture, and socioeconomic status in personality formation, behavior, and mental processes.

Trait Theory

A psychological perspective that suggests that personalities are composed of broad predispositions, or traits, that influence behavior.