QUESTIONS AND CORRECT ANSWERS
LATEST GUIDE BEST FOR EXAM
REVISION 2026 GRADED A+ .
, 1. Stacy executed a trust instrument that named Compassion, a charity, as beneficiary of the trust, and her friend, Finch, as trustee. Finch was directed to distribute income
from the trust to Compassion annually. The instrument also directed Finch to employ Numbers, LLC, as the accountant for the trust. Compassion trains individuals with
disabilities to acquire the skills needed to be employed. Finch hired Figures, LLP, as the accountant for the trust and failed to distribute trust income to Compassion as required.
Consequently, Compassion was unable to continue to otter training to disabled individuals who had enrolled in its classes. The disabled individuals have filed a class action suit
against Finch, seeking to compel him to make the required distribution.Do either the disabled individuals or Numbers, LLC, have standing to challenge Finch's actions?
CORRECT ANSWER A: No, neither the disabled individuals nor Numbers, LLC has standing to challenge Finch's actions.:
A: No, neither the disabled individuals nor Numbers, LLC has standing to challenge Finch's actions.
B: Yes, the disabled individuals have standing to challenge Finch's actions, but Numbers, LLC does not. C: Yes, Numbers, LLC has standing to challenge
Finch's actions, but the disabled individuals do not.
D: Yes, both the disabled individuals and Numbers, LLC has standing to challenge Finch's actions.
2. : In his will a father created a spendthrift trust governed by Florida law for his daughter. The terms of the trust required the trustee to make annual distributions of a
specific amount to the daughter. After her father's death, the daughter was involved in a traflc accident with the driver of another vehicle. In a legal action brought by the other driver
against her, the daughter was found liable and the other driver was awarded damages. In addition, a hospital brought a legal action against the daughter for emergency medical
services rendered to her because of the accident. The hospital was also awarded a judgment for the reasonable value of such services.May either claimant obtain a court order
garnishing future distributions from the trust to the daughter?
CORRECT ANSWER D: Neither claimant may obtain a court order garnishing future distributions from the trust to the
daughter.
A: Both claimants may obtain a court order garnishing future distributions from the trust to the daughter.
B: Only the other driver may obtain a court order garnishing future distributions from the trust to the daughter. C: Only the hospital may obtain a court order garnishing
future distributions from the trust to the daughter.
D: Neither claimant may obtain a court order garnishing future distributions from the trust to the daughter.