A trustee receives notice that a beneficiary has filed for bankruptcy. What immediate action should the trustee take to protect discretionary trust assets?
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A
Make an accelerated distribution to the beneficiary before the bankruptcy estate is formed
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B
Consult counsel and suspend discretionary distributions pending review of the trust's spendthrift provisions
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C
Transfer trust assets to another beneficiary to avoid reach by creditors
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D
Resign as trustee to avoid liability