IIA Exam IIA-CFSA Topic 10 Question 45 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 45
Topic #: 10

[All IIA-CFSA Questions]

Relief from administrative details and continuity are the major reasons for:

ATrust acceptance

BTrustee termination

CNaming a financial institution as a trustee

DConvenience and complete services of trusts

Show Suggested Answer

Suggested Answer: D

by Chantell at Feb 10, 2024, 12:01 PM

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Dean

5 days ago

I agree with Sheridan. Trusts can be a great way to outsource the hassle of managing assets and ensure they are handled properly even after you're gone.

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Colette

6 days ago

I believe trustee termination is not a major reason for naming a financial institution as a trustee. It's more about convenience and trust acceptance.

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The correct answer is C) Naming a financial institution as a trustee. Trusts provide relief from administrative details and ensure continuity of management, which are major benefits of using a professional trustee.

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Cecily

12 days ago

I agree with Jody. Trust acceptance and convenience of complete services are also important factors to consider.

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Jody

14 days ago

I think the major reasons for naming a financial institution as a trustee are relief from administrative details and continuity.

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