To provide a uniform set of laws governing trusts in the United States.

To create a new type of trust.

To abolish the concept of trusts.

To provide a comprehensive guide to estate planning.

Testamentary trust

Revocable living trust

Irrevocable living trust

Charitable trust

Settlor

Trustee

Beneficiary

Probate court

To manage and administer the trust property.

To distribute the trust property to the beneficiaries.

To represent the trust in legal proceedings.

All of the above.

Settlor

Trustee

Beneficiary

Probate court

A rule that limits the duration of a trust to the lifetime of the settlor and their descendants.

A rule that limits the duration of a trust to 21 years after the death of the settlor.

A rule that limits the duration of a trust to 100 years after the creation of the trust.

A rule that limits the duration of a trust to the lifetime of the beneficiaries.

A doctrine that allows a court to modify the terms of a trust if the original purpose of the trust becomes impossible or impractical.

A doctrine that allows a court to terminate a trust if the original purpose of the trust becomes impossible or impractical.

A doctrine that allows a court to distribute the trust property to the beneficiaries if the original purpose of the trust becomes impossible or impractical.

A doctrine that allows a court to sell the trust property and use the proceeds to create a new trust with a similar purpose.

A rule that requires trustees to invest the trust property in a manner that is prudent and in the best interests of the beneficiaries.

A rule that requires trustees to invest the trust property in a manner that is consistent with the terms of the trust document.

A rule that requires trustees to invest the trust property in a manner that is consistent with the investment objectives of the settlor.

A rule that requires trustees to invest the trust property in a manner that is consistent with the investment objectives of the beneficiaries.

A duty that requires trustees to act in the best interests of the beneficiaries.

A duty that requires trustees to avoid conflicts of interest.

A duty that requires trustees to disclose all material facts to the beneficiaries.

All of the above.

A duty that requires trustees to treat all beneficiaries equally.

A duty that requires trustees to avoid favoring one beneficiary over another.

A duty that requires trustees to distribute the trust property to the beneficiaries in accordance with the terms of the trust document.

All of the above.

A duty that requires trustees to invest the trust property in a manner that is prudent and in the best interests of the beneficiaries.

A duty that requires trustees to avoid taking unnecessary risks with the trust property.

A duty that requires trustees to diversify the trust property.

All of the above.

A duty that requires trustees to disclose all material facts to the beneficiaries.

A duty that requires trustees to provide the beneficiaries with an accounting of the trust property.

A duty that requires trustees to keep the beneficiaries informed of all transactions involving the trust property.

All of the above.

A duty that requires trustees to keep accurate records of all transactions involving the trust property.

A duty that requires trustees to provide the beneficiaries with an accounting of the trust property.

A duty that requires trustees to file an annual tax return for the trust.

All of the above.

A duty that requires trustees to act in the best interests of the beneficiaries.

A duty that requires trustees to avoid conflicts of interest.

A duty that requires trustees to disclose all material facts to the beneficiaries.

All of the above.