If a State Has Adopted the Revised Uniform Principal and Income

question 76

Multiple Choice

If a state has adopted the Revised Uniform Principal and Income Act, which of the following statements is correct?

• A)The state law definition of trust income will preempt any other definitions.
• B)The definition of trust income in the trust document will preempt all other definitions.
• C)Under state law, tax-exempt interest will not be allocated to income.
• D)The definition of principal in the trust document must classify capital gains as principal.

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Definitions:

Intermediate Distance

A term used to describe a space or interval that is neither too close nor too far, typically used in contexts such as photography or athletics.

Jealous Aggression

Hostile or violent behavior motivated by jealousy, often occurring in romantic or sexual relationships.

Power Imbalance

A situation in a relationship where one individual holds more control or influence than the other, often leading to dynamics of dominance and submission.

Cultural Context

The set of social, historical, and cultural circumstances that surround and influence an individual or event.