Question

1. A trustee’s power and required qualifications are decided by:

1. The grantor
2. The trust document
3. The beneficiaries
4. A trust protector

2. The trust protector’s powers are determined by:

1. The trustee(s)
2. Beneficiaries
3. State law
4. The trust agreement

3. The property in a trust is owned by:

1. The grantor
2. The grantor’s estate
3. The beneficiaries
4. The trustee

4. The best way to specify guardianship of surviving minor children is:

1. With a trust
2. With a will
3. With guardianship created prior to death
4. None of the above: guardianship is decided buy the child’s surviving relatives

Answer 1

1. Trust protector is an independent third party that is given duties related to trust. It is an independent third party who decides upon the trustees power and required qualification.it con regulate and monitor the trustee. They can even replace the existing trustees and even remove them.

The grantor, the beneficiaries, and trust document doesn't decide upon the power and the required qualification of the trustee

Correct answer would be ( D )A trust protector.