SIE practice questionhardAccount Types: Irrevocable Trusts
In an irrevocable trust account, who is responsible for making investment decisions?
- AThe broker only
- BThe beneficiaries directly
- CAll account holders equally
- DThe trustee named in the trust agreement✓ Correct answer
Explanation
Why D — The trustee named in the trust agreement
The trustee named in the trust agreement is responsible for making investment decisions for an irrevocable trust account. Beneficiaries do not have direct investment authority unless the trust grants it.
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