* not completed

. Which of the following cannot be a trustee?

A foreign national correct incorrect

A relative of the settlor or testator correct incorrect

A child correct incorrect

A company correct incorrect

* not completed

. What is the maximum number of trustees that can be appointed?

Four correct incorrect

Two correct incorrect

Ten correct incorrect

There is no maximum number correct incorrect

* not completed

. A judicial trustee is:

A trust corporation correct incorrect

A judge who takes over the running of the trust correct incorrect

A trustee appointed by the court correct incorrect

A government official who acts as trustee of small trusts correct incorrect

* not completed

. How does a trustee disclaim their office?

By drawing up a deed correct incorrect

Doing as little as possible correct incorrect

Replacing themselves with another trustee correct incorrect

Leaving the country correct incorrect

* not completed

. Which of the following persons does not have the power to appoint replacement trustees under section 36 of the Trustee Act 1925?

The settlor correct incorrect

Persons nominated in the trust instrument correct incorrect

The surviving or continuing trustees correct incorrect

The personal representatives of the last surviving trustee correct incorrect

* not completed

. Which of the following would allow the removal of a trustee under section 36 of the Trustee Act 1925?

Charging excessively high fees correct incorrect

Allowing the trust fund to decline in value correct incorrect

Ignoring the wishes of the beneficiaries correct incorrect

Living outside the UK for two years correct incorrect

* not completed

. The beneficiaries have the power to replace trustees under section 19 of the Trusts of Land and Appointment of Trustees Act 1996. Why is this power of limited use?

The trustees can refuse correct incorrect

A court order is needed correct incorrect

The power to remove is limited to very specific circumstances correct incorrect

All the beneficiaries must agree correct incorrect

* not completed

. In Re Tempest (1865-66) LR 1 Ch App 485 a different trustee was appointed because…

The beneficiaries wanted a different trustee correct incorrect

The testator wanted a different trustee correct incorrect

The trustee favoured one group of beneficiaries over another correct incorrect

His fellow trustee wanted a different trustee correct incorrect

* not completed

. The court will remove a trustee if…

The trustee is in breach of trust correct incorrect

The trustee is incompetent correct incorrect

The welfare of the beneficiaries requires it correct incorrect

The trustee is in conflict with the other trustee(s) correct incorrect

* not completed

. How should a trustee be replaced?

In writing correct incorrect

Orally correct incorrect

By deed correct incorrect

Approved by the court correct incorrect