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Which of the following best summarizes the Claflin doctrine? Question 1 options: a) A trust cannot be terminated or modified unless all the trustees agree
Which of the following best summarizes the Claflin doctrine? Question 1 options: a) A trust cannot be terminated or modified unless all the trustees agree to the termination or modification and doing so would not defeat a material purpose of the settlor. b) A trust cannot be terminated unless all beneficiaries agree and doing so would not defeat a material purpose of the settlor, but it can be modified at any time. c) A trust cannot be modified unless all beneficiaries agree and doing so would not defeat a material purpose of the settlor, but it can be terminated at any time. d) A trust cannot be terminated or modified unless all beneficiaries agree and doing so would not defeat a material purpose of the settlor
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