Norma Is One of Three Trustees of a Trust of Personal

question 2

Multiple Choice

Norma is one of three trustees of a trust of personal property, held for Martha and Wainright, aged 19 and 22 respectively, the only two beneficiaries of the trust. Martha and Wainright, simply because they do not like Norma, wish to have her removed from the trust, leaving the other trustees to administer it. The trust contains no express powers over the removal of trustees. Martha and Wainright can:

• A) Remove Norma by bringing the trust to an end and then revest the property in the remaining trustees.
• B) Ask the court to remove Norma under s.41 of the Trustee Act 1925.
• C) Require Norma to retire under s.19(2)(a) of the Trusts of Land and Appointment of Trustees Act 1996.
• D) Require Norma to retire under s.39 of the Trustee Act 1925.

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Definitions:

Preliminary Controls

Initial measures or procedures put in place to monitor and regulate processes or operations.

Objectives

Specific, measurable goals that are designed to achieve the overall aim of an individual or organization.

After-Action Review

A systematic assessment of lessons learned and results accomplished in a completed project.

Structured Review

A formal, organized assessment process used to evaluate performance, systems, or processes, typically based on predetermined criteria.