American College HS330 Exam - Topic 1 Question 32 Discussion

Actual exam question for American College's HS330 exam

Question #: 32
Topic #: 1

Many trust instruments provide for the removal of the original trustee. Valid reasons for removing the origin l trustee include which of the following?

l. A shift in trust situs is desirable because of changes in law.

II. The beneficiary has moved his or her residence to a distant state.

Al only

BII only

CBoth l and ll

DNeither I nor II

Show Suggested Answer

Suggested Answer: C

by Carmen at May 09, 2022, 01:23 AM

Limited Time Offer

25%

Off

Get Premium HS330 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Amber

4 months ago

I’m not so sure about that second reason. Feels a bit off.

upvoted 0 times

...

Leota

4 months ago

Both reasons seem valid to me!

upvoted 0 times

...

Yolando

4 months ago

Wait, are you saying a beneficiary's location can really affect the trustee?

upvoted 0 times

...

Charolette

4 months ago

Definitely agree, but moving beneficiaries shouldn't matter much.

upvoted 0 times

...

Joesph

5 months ago

I think a shift in trust situs makes sense with changing laws.

upvoted 0 times

...

Essie

5 months ago

Confident I can handle this. Sharing the report and adding it to the site map should do the trick. Time to put my Power BI and model-driven app knowledge to the test!

upvoted 0 times

...

Lai

5 months ago

Whoa, this is a tough one. I'm tempted to just let the team handle it when the marketing campaign starts, but I'm worried that could make things even worse. Gotta think this through carefully.

upvoted 0 times

...