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In all cases a trustee must invest trust assets in accordance with the:
Suggested Answer: C
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32 comments · newest first
EM
Emogene
10 months ago
Totally agree with C! The trust provisions should always come first.
TR
Trina
10 months ago
Wait, are you sure it's not just the trust instrument? Seems off.
GI
Gilma
10 months ago
I thought it was D, the prudent person standard is pretty important too.
BR
Broderick
10 months ago
A state's mandatory legal list is a must, right?
WI
Willard
10 months ago
It's definitely C, the trust instrument is key!
ZI
Zita
11 months ago
I feel confused about the difference between the mandatory and permissive lists. Could it be B instead?
MA
Marylin
11 months ago
I practiced a similar question, and I believe it emphasized the state's mandatory legal list, which makes me lean towards A.
HE
Herminia
11 months ago
I'm not entirely sure, but I remember something about the prudent person standard being important, so maybe D?
DE
Desiree
11 months ago
I think the answer might be C, since the trust instrument usually outlines how assets should be managed.
EM
Emilio
12 months ago
This is a classic trust law question. I'm pretty confident I know the right answer here. It's all about following the stated provisions in the trust document, which is option C.
JU
Junita
12 months ago
Wait, I'm confused. Is this asking about the trustee's general investment duties, or something more specific? I want to make sure I understand the question properly before answering.
JO
Johnetta
12 months ago
Okay, I've got this. The trustee's investment duties are governed by the terms of the trust instrument, state law, and the prudent person standard. I just need to figure out which of these options best captures that.
GL
Glory
1 year ago
Hmm, I'm a bit unsure about this one. I know trustees have to follow certain investment guidelines, but I can't quite remember the details. I'll have to think it through step-by-step.
LA
Laurel
1 year ago
This looks like a straightforward trust law question. I'll start by carefully reading through the options and thinking about the key principles of trust investment duties.
PE
Penney
1 year ago
Ah, the age-old question of trust asset investment. I'm voting for C - it's the only option that doesn't sound like a legal minefield.
DO
Dorthy
1 year ago
C, definitely. Anything else would be like trying to fit a square peg in a round hole.
CA
Cathrine
1 year ago
I agree, C is the way to go.
KI
Kimi
1 year ago
I believe it's C) stated provisions of the trust instrument because that's what legally binds the trustee.
PA
Pa
1 year ago
Hmm, I'm torn between B and C. Guess I'll just flip a coin and hope for the best!
TI
Tiffiny
1 year ago
Yeah, it's best to follow the guidelines set out in the trust document.
MA
Mammie
1 year ago
I agree, it's important to follow what the trust instrument specifies.
DU
Dustin
1 year ago
I think you should go with C, the stated provisions of the trust instrument.
DO
Donte
1 year ago
I'm not sure, but I think D) common law standard of the prudent person could also be a valid answer.
BR
Brunilda
1 year ago
D sounds like the right answer to me. Gotta go with the good old prudent person standard.
FR
Francisca
1 year ago
User 2: Yeah, it's important for trustees to make wise investment decisions.
BE
Bette
1 year ago
User 1: I agree, the prudent person standard is a safe bet.
BA
Bambi
1 year ago
I agree with Lezlie, the trust instrument should guide how trust assets are invested.
LA
Laurel
1 year ago
I think the answer is C. The trust instrument should dictate how the assets are invested, not some state's legal list.
MA
Mammie
1 year ago
The common law standard of the prudent person is also a key factor in investing trust assets.
AJ
Aja
1 year ago
I think it's important to follow the stated provisions of the trust instrument to ensure the assets are managed properly.
CO
Corazon
1 year ago
I agree, the trust instrument should definitely guide how the assets are invested.
LE
Lezlie
1 year ago
I think the answer is C) stated provisions of the trust instrument.