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Trusts > Principal and Income Allocations > Flashcards

Principal and Income Allocations Flashcards

1
Q

Uniform Principal and Income Act

A

Trustee should focus on the TOTAL RETURN of the trust portfolio

Trustee can recharacterize and reallocate items as necessary to FULFILL TRUST PURPOSES

Allocations must be REASONABLE

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Trusts (14 decks)

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