Ctfa domain review stuvia - Study guides, Class notes & Summaries

Under what circumstances will a trustee be deemed to have been granted a discretionary power? - ANSWERSIf the terms of the trust or state law grant the power If all beneficiaries consent to the exercise of the power If a court order grants the power Which parties are necessary to create a trust? - ANSWERSThe settlor, the trustee, and the beneficiaries Which situation is least likely to result in a court action due to a trustee's exercise of fiduciary powers? When a trustee has acted ...