Which of the following is NOT one of the duties of a trustee?
A)Preserve the trust property.
B)Indemnify the beneficiaries for any losses.
C)Act in accordance with the trust.
D)Avoid conflict of interest and personal benefit.

Question

Quizplus · Accepted Answer

Trustees have a legal obligation to preserve the trust property, act in accordance with the trust, and avoid conflicts of interest and personal benefit. However, they are not typically responsible for indemnifying beneficiaries for any losses incurred by the trust. This is because trustees are required to act with prudence, care, and skill in managing the trust, but they are not responsible for guaranteeing specific investment results or outcomes.

Which of the Following Is NOT One of the Duties