Which of the following actions may a trustee in West Virginia perform with respect to the trust property?

Prepare for the West Virginia CPLTA Test. Study with interactive resources, flashcards, and multiple choice questions, each with detailed explanations. Ace your exam!

A trustee in West Virginia has a range of responsibilities and powers as outlined by state law and the terms of the trust itself. One of the actions a trustee can engage in is executing oil and gas leases. This function is part of the trustee's duty to manage and invest trust property prudently and to act in the best interest of the beneficiaries. If the trust property includes mineral rights or real estate, entering into oil and gas leases can be a legitimate action that may generate revenue for the trust, benefiting the beneficiaries over time.

In contrast, distributing trust assets immediately might not align with the fiduciary duty of the trustee, as they must adhere to the terms set forth in the trust and ensure that distributions are made in accordance with those terms and at the appropriate time. Making personal loans against trust assets is generally not permissible, as it would conflict with the trustee's obligation to manage the trust assets solely for the benefit of the beneficiaries. Additionally, changing the beneficiaries of the trust is typically not within the trustee's authority, as this is usually a power reserved for the trust creator (the grantor) or subject to specific provisions outlined in the trust document. Thus, executing oil and gas leases is a clear and acceptable action for a trustee in managing trust property

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