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 is legally required to manage trust investments. Beneficiaries do not have direct authority. C and D are incorrect—investment authority is with the trustee.
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