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Which of the following statements about trustees of trusts is not correct? a ) As long as the authority is provided in the Will, the
Which of the following statements about trustees of trusts is not correct?
a As long as the authority is provided in the Will, the trustee can make any payments from the trust that he or she thinks is appropriate.
b If there is no trustee named for a trust established in a Will, the estate trustee must appoint one.
c Trustees often continue to manage trust assets after the beneficiary or beneficiaries reach the age of majority.
d Minor children can receive the capital, income or income and capital from a trust.
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