American College Exam HS330 Topic 3 Question 97 Discussion

Actual exam question for American College's HS330 exam

Question #: 97
Topic #: 3

Many trust instruments provide for the removal of the original trustee. All the following are valid reasons for removal of a trustee EXCEPT:

AA shift in trust situs is desirable because of changes in law.

BThe beneficiary has been successful with investments and wants to manage the trust assets.

CThe beneficiary is not able to get along with the present corporate trustee.

DThe beneficiary has moved his or her residence to a distant state.

Show Suggested Answer

Suggested Answer: A

by Adria at Sep 15, 2024, 09:45 PM

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Reta

1 months ago

Wow, these trust questions really tie me up in knots. I need to 'untrust' myself from this exam.

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Dolores

17 days ago

A) A shift in trust situs is desirable because of changes in law.

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Tammara

1 months ago

I guess the beneficiary can't 'trust' the trustee anymore. Get it? Trust? Trustee? Ah, I kill me.

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Susana

1 months ago

I'm stumped on this one. Maybe the answer is A? A shift in trust situs due to changes in law doesn't seem like a valid reason to remove the trustee. They should be able to adapt, right?

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Twana

15 days ago

A) A shift in trust situs is desirable because of changes in law.

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Simona

2 months ago

C is the answer. The beneficiary not getting along with the corporate trustee is definitely a valid reason for removal. Gotta keep the peace, you know?

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Tamar

16 days ago

C) The beneficiary is not able to get along with the present corporate trustee.

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Myong

17 days ago

B) The beneficiary has been successful with investments and wants to manage the trust assets.

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Clorinda

29 days ago

A) A shift in trust situs is desirable because of changes in law.

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Ashlyn

2 months ago

I'm going with D. The beneficiary moving to a distant state shouldn't be a valid reason to remove the trustee. The trustee's location doesn't really affect their ability to manage the trust.

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Latrice

15 days ago

I agree with you, D doesn't seem like a valid reason to remove the trustee.

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Nakisha

17 days ago

C) The beneficiary is not able to get along with the present corporate trustee.

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Ceola

19 days ago

B) The beneficiary has been successful with investments and wants to manage the trust assets.

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Darrin

1 months ago

A) A shift in trust situs is desirable because of changes in law.

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Tu

2 months ago

But what about A and C? Those seem like valid reasons too.

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Buddy

2 months ago

I disagree, I believe the answer is D.

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Tu

2 months ago

I think the answer is B.

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Hmm, I think the answer is B. The beneficiary being successful with investments and wanting to manage the trust assets doesn't seem like a valid reason to remove the trustee. The other options all make sense as valid reasons.

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Toi

25 days ago

D) The beneficiary has moved his or her residence to a distant state.

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Goldie

1 months ago

C) The beneficiary is not able to get along with the present corporate trustee.

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Johana

1 months ago

B) The beneficiary has been successful with investments and wants to manage the trust assets.

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Helene

2 months ago

A) A shift in trust situs is desirable because of changes in law.

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American College Exam HS330 Topic 3 Question 97 Discussion

Contribute your Thoughts:

Reta

Dolores

Tammara

Susana

Twana

Simona

Tamar

Myong

Clorinda

Ashlyn

Latrice

Nakisha

Ceola

Darrin

Tu

Buddy

Tu

Merrilee

Toi

Goldie

Johana

Helene