What is one possible permitted deviation regarding a trustee? A) Reducing the trust's assets B) Terminating the trust completely C) Changing the trust beneficiaries D) Changing the... What is one possible permitted deviation regarding a trustee? A) Reducing the trust's assets B) Terminating the trust completely C) Changing the trust beneficiaries D) Changing the trustee
Understand the Problem
The question is asking to identify a permissible deviation that a trustee can make in regard to trust administration. It presents multiple-choice answers that relate to the authority and actions of a trustee.
Answer
Changing the trustee is a permitted deviation.
Changing the trustee is a permitted deviation.
Answer for screen readers
Changing the trustee is a permitted deviation.
More Information
Under certain circumstances, modifying a trust to replace a trustee is allowed and can be an example of a permitted deviation. This provides flexibility in managing the trust if issues arise with the current trustee.
Tips
A common mistake is assuming that significant modifications, such as altering beneficiaries or terminating the trust, are more easily permitted than they are. It's crucial to understand the limits and requirements around deviations.
Sources
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