Question
Question 1 All the following statements concerning the selection of a trustee are correct EXCEPT A. Corporate trustees are more likely to be able to
Question 1
All the following statements concerning the selection of a trustee are correct EXCEPT
A. Corporate trustees are more likely to be able to deal with rapidlychanging taxlaw and the complexity of investment, management, andother responsibilitiesof a fiduciary.
B. If a family member is selected as trustee, he or she is often placed inan uncomfortable, and perhaps untenable, position.
C. If a beneficiary is also named as trustee, there is the opportunity to have greater flexibility in a trust as well as the most favorable tax consequences.
D. Individual trustees are not audited and consistently checked to thesame degreeas corporate fiduciaries.
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