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American College Exam HS330 Topic 1 Question 20 Discussion
Actual exam question for
American College's
HS330 exam
Question #: 20
Topic #: 1
[All HS330 Questions]
Topic #: 1
Which of the following statements concerning estates and trusts is (are) correct?
l. Both estates and trusts come into being by operation of law.
II. The personal representative of an estate and the trustee have similar fiduciary responsibilities.
Suggested Answer:
B
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