Question: please help me understand with some short written explanations, thank you8 sorry here are the question 1. Which of the following is not a party
please help me understand with some short written explanations, thank you8
1. Which of the following is not a party to a trust? a. Trustee. b. Income beneficiary. c. Grantor. d. Principal. 2. A trustee is subject to which of the following? a. Prudent Investor Rule. b. Trustee's Ethical Code. c. Uniform Trustee Provisions. d. Fiduciary Responsibilities Doctrine. 3. A spendthrift clause: a. Requires the fiduciary of a trust to make small distributions. b. Protects the trust assets from the claims of the beneficiary's creditors. c. Eliminates the problems associated with multiple beneficiaries. d. Prevents the lapse of a general power of appointment and its subsequent estate tax consequences
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