Читать книгу Form 1041 - Stephen Brooks - Страница 28

1 What is generally not recognized as a trust for tax purposes?An investment trust.A business trust.An environmental remediation trust.A liquidating trust.

2 What best describes the trustee's fundamental fiduciary duty to the trust beneficiaries?The fiduciary standard requires a duty of loyalty and a duty of prudence.The fiduciary standard requires the trustee to communicate with the trust beneficiaries.The fiduciary standard requires the trustee to keep good records.The fiduciary standard requires that the trustee perform its duties without compensation.