A trustee is a fiduciary (person occupying a special position of trust and confidence) subject to the following fiduciary duties:

🎲 Try a Random Question | Total Questions in Quiz: 1308 | 🧠 Study this quiz with Flashcards

This question is part of a full practice quiz:

Law Knowledge Test — practice the complete quiz, review flashcards, or try a random question.

🧠 Flashcards (fast review) 🧪 Practice Quiz ⚔️ Challenge a Friend 🥊 📊 View Stats

1. A trustee is a fiduciary (person occupying a special position of trust and confidence) subject to the following fiduciary duties:

A charitable trust (like any other charitable transfer) must have a charitable purpose. The transfer must be for the good of the public as a whole, rather than for the benefit of specific individuals. (a private trust must have definite beneficiaries who can enforce the trust, but a charitable trust can have indefinite beneficiaries because the attorney general can enforce the trust.)
A communication between psychotherapist and patient, or licensed social worker and client, intended by patient/client to be confidential and made to facilitate rendition of professional psychological services is privileged in all civil and criminal proceedings unless waived by the patient/client. Also privileged in oregon civil cases are confidential communications to nurses. Oregon exception to psychotherapist privilege for communications that disclose intent to injure someone or reveal child was victim. - - Same basic rules as for attorney-client privilege, i.e., patient/client must have intended that communication be confidential
Payments to salvage one's reputation, outlandish entertainment expenses, rarely invoked by the irs
1. Duty to administer the trust in accordance with its terms (read the trust and do what it says) - 2. Duty of loyalty - 3. Duty to separate and earmark trust property - 4. Duty not to commingle trust property with personal assets - 5. Duty to invest prudently - 6. Duty to preserve and protect trust property - 7. Duty to account to the trust beneficiaries - 8. Duty not to delegate trust duties

A trustee is a fiduciary (person occupying a special position of trust and confidence) subject to the following fiduciary duties:

❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.

A trustee is a fiduciary (person occupying a special position of trust and confidence) subject to the following fiduciary duties:

❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know? Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com