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American College HS330 Exam - Topic 1 Question 32 Discussion

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.
C) Both l and ll
A) l only
B) II only
D) Neither I nor II

American College HS330 Exam - Topic 1 Question 32 Discussion

Actual exam question for American College's HS330 exam
Question #: 32
Topic #: 1
[All HS330 Questions]

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.

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Suggested Answer: C

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

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Amber
8 months ago
I’m not so sure about that second reason. Feels a bit off.
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Leota
9 months ago
Both reasons seem valid to me!
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Yolando
9 months ago
Wait, are you saying a beneficiary's location can really affect the trustee?
upvoted 0 times
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Charolette
9 months ago
Definitely agree, but moving beneficiaries shouldn't matter much.
upvoted 0 times
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Joesph
9 months ago
I think a shift in trust situs makes sense with changing laws.
upvoted 0 times
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Essie
9 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!
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Lai
10 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
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