Name a Situation Where It May Not Be Worthwhile for a Beneficiary

question 34

Short Answer

Name a situation where it may not be worthwhile for a beneficiary to bring an action against the trustee for breach of trust?

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Definitions:

Basis Point

A unit of measure used in finance to describe the percentage change in value or rate of a financial instrument, equal to 1/100th of 1%.

Coupon Rate

The percentage of face value paid as interest on a bond each year.

Current Yield

The interest or dividend income an investment generates, expressed as a percentage of the investment's current market price.

Face Value

The original value of a financial instrument as stated on the certificate or contract.