When can an individual act as a trustee?
A) When the individual has capacity to manage her own affairs.
B) When the individual also is named as a beneficiary.
C) When the individual is related to the settlor.
D) When the individual is nominated for the position.

Question

Quizplus · Accepted Answer

An individual can act as a trustee if they have the capacity to manage their own affairs, which means they are legally competent and capable of understanding and carrying out the duties of a trustee.

When Can an Individual Act as a Trustee