Which of the Following Is a Typical Duty of a Trustee

question 88

Multiple Choice

Which of the following is a typical duty of a trustee?

• A) Modify the language of the trust instrument so as to lower the entity's Federal income tax.
• B) Make decisions as to how to invest the trust corpus portfolio.
• C) Allocate items between income and corpus using Subchapter J rules.
• D) All of the above.

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Definitions:

Korsakoff's Syndrome

A chronic memory disorder often caused by severe deficiency of thiamine (vitamin B1), usually as a result of alcohol abuse, characterized by memory loss and fabrication of events.

Implicit Memory

Memory that influences thoughts and behaviors without conscious awareness, typically derived from previous experiences.

Memory Consolidation

The biochemical process(es) by which neural synaptic connections are strengthened or weakened.

Long-Term Memory

Long-term memory is the capacity to hold vast amounts of information, from facts to experiences and skills, for long periods, ranging from hours to a lifetime.