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CELE SQE1 模拟练习

Examination Timing: 00H01M11S

George is a professional trustee in charge of the administration of a family dynasty trust. The trust was established several years ago by a will and does not make specific provision for George's powers of investment. Following the coming into force of the Trustee Act 2000, which of the following statements best describes George's investment powers?

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The correct answer is E. The Trustee Act 2000 significantly expanded the investment powers of trustees. Under the Act, trustees can invest in a wide range of assets, including land, shares, mortgages, and debentures. This represents a broader investment authority compared to previous legislation. Trustees must, however, act prudently and in the best interests of the beneficiaries, adhering to the statutory duty of care when making investment decisions. 


Key Point: The Trustee Act 2000 grants trustees extensive investment powers, allowing them to diversify investments across various asset classes. Trustees must exercise these powers with due care and in accordance with their fiduciary duties.

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