The Duty of Impartiality Is Owed by a Trustee To

question 9

Multiple Choice

The duty of impartiality is owed by a trustee to:

• A) The co-grantors of a trust, such as a married couple that establish a trust for their offspring
• B) The income beneficiary and remainderman of a split-interest trust
• C) The trustee and beneficiary of a spendthrift trust
• D) An individual who is both the grantor and the beneficiary of a blind trust established for his benefit

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Definitions:

Problem-solving

The process of identifying an issue and developing, implementing, and assessing solutions to rectify or improve the situation.

Decision-making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Diversity

The inclusion or representation of different types of people (in terms of race, age, sex, ethnicity, sexual orientation, etc.) in a group or organization.

Selection Decision

The process by which an employer evaluates and decides upon which candidates will be offered a job from a pool of applicants.