American College Exam HS330 Topic 3 Question 97 Discussion

Actual exam question for American College's HS330 exam

Question #: 97
Topic #: 3

Many trust instruments provide for the removal of the original trustee. All the following are valid reasons for removal of a trustee EXCEPT:

AA shift in trust situs is desirable because of changes in law.

BThe beneficiary has been successful with investments and wants to manage the trust assets.

CThe beneficiary is not able to get along with the present corporate trustee.

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

Show Suggested Answer

Suggested Answer: A

by Adria at Sep 15, 2024, 09:45 PM

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Tu

3 days ago

But what about A and C? Those seem like valid reasons too.

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Buddy

4 days ago

I disagree, I believe the answer is D.

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Tu

5 days ago

I think the answer is B.

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Hmm, I think the answer is B. The beneficiary being successful with investments and wanting to manage the trust assets doesn't seem like a valid reason to remove the trustee. The other options all make sense as valid reasons.

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American College Exam HS330 Topic 3 Question 97 Discussion

Contribute your Thoughts:

Tu

Buddy

Tu

Merrilee