Problem regarding the trustee


Question:

In her will, Latifah appoints Roy as trustee of her farm for the benefit of her daughter Selena and her granddaughter Mabel as joint tenants. Latifah also appoints Roy as trustee of 500 shares of stock to invest for the benefit of Selena and Mabel. Roy is not authorized to sell the stock, but is to pay Selena the dividends from the stock annually for the rest of her life, and after Selena's death, the stock is to go to Mabel.

 

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Business Law and Ethics: Problem regarding the trustee
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