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GUARDIANSHIP & TRUSTS QUESTIONS AND ANSWERS $9.00   Add to cart

Exam (elaborations)

GUARDIANSHIP & TRUSTS QUESTIONS AND ANSWERS

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  • Course
  • Guardianship
  • Institution
  • Guardianship

GUARDIANSHIP & TRUSTS QUESTIONS AND ANSWERS

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  • September 16, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Guardianship
  • Guardianship
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How can a trustee or beneficiary terminate a trust?


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Either a trustee or beneficiary can petition to modify or terminate a trust. A
court will if one of these three?
1. purposes fulfilled or become impossible
2. Changed circumstances (more than death)
3. achievement of tax purposes

, What court do you file trust issues in?


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District court and statutory probate court have concurrent jurisdiction. In
the county where the trustee maintains the trust




What is a spendthrift clause


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Prohibits voluntary assignment or involuntary transfer of beneficiary's
interest. Prevents Judgment creditor from reaching by garnishment or
attachment




What must a trustee maintain with investments under the UPIA:


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a. the role that each investment plays with the overall trust portfolio
b. the expected total return form income and capital gains




What facts would a guardianship have to establish to become a guardian, and what
burden of proof?


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