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0 tracked cards Supplemental - Not MEE July 2026

A trust directs Trustee to pay income to Dana for life and distribute principal to Quinn at Dana's death. Trustee is deciding whether to shift the portfolio into high-dividend bonds or growth stocks. The trust instrument gives no special preference to either beneficiary.
Which statement best describes Trustee's duty?

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The trustee owes duties only to beneficiaries who can remove the trustee. The trustee may favor the remainder beneficiaries because they will own the principal eventually. The trustee must act impartially and balance the interests of the income and remainder beneficiaries under the trust terms. The trustee must invest only in assets that pay the highest current income.

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