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Replacing the trustee with another for some reason; maybe the trustee gets old and finds the job burdensome. There might be another trustee named in the document as authorized "..in the event first trustee resigns." I'm no lawyer, but I guess you could petition the court for a replacement trustee if you could prove the trustee was not following the lawful trust instructions or something.
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoFIRST MY LANDLORD RECEIVED A NOTICE OF DEFAULT AND NOW SHE HAS A SUBSTITUTION OF TRUSTEE WHAT DOES THAT MEAN?
Wiki User
∙ 14y agoThat is a way of stating that a trustee has been replaced by a successor trustee. The substitution or appointment must be in writing.
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What is the possessive form of trustee?
trustee's
Can original trustee take back duties after turning over to successor trustee?
No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.
Can you refuse to be a trustee?
Yes. When a person is named as a trustee there is generally an acceptance executed by the trustee and filed with the trust. You only need to make if known you do not wish to serve and the trustor can name a different trustee.
What does it mean to vote as a trustee?
When a person is incapable of acting for himself due to minority, mental illness or physical incapacity, a trustee may be appointed. The trustee signs cheques "John Doe as Trustee for Simon Smith". The trustee can vote if necessary in exactly the same fashion.
Is the settler the same as a trustee?
No. The settler comes up with the money, the trustee looks after it.
Substitution of trustee and full reconveyance?
I live in California, already paid off the loan of my house & got a letter "Substitution of Trustee & Full Reconveyance". Why did I get this letter?
Why must the trustee of an irrevocable insurance trust make the premium payment?
As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.
Can convicted felons be a trustee in Florida?
What kind of "trustee?" "Trustee" for WHAT?
How do you remove an appointed trustee from the board of trustee?
What is a life of Trustee.
What is the Definition of substitution?
substitution menthod
What is the possessive form of trustee?
trustee's
What is a sentence using the word substitution?
I can give you several sentences.Use that ingredient as a substitution for the one you don't have.He is going in as a substitution for the quarterback.This is a substitution for the real thing.Margarine could be used as a substitution.
Can original trustee take back duties after turning over to successor trustee?
No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.
Which mutation occurs when one nucleotide is replaced with another base?
Substitution
What is the difference between the trustee and the royal colony?
royal-run by governor trustee-run by trustee
Is a trustee required to use 'trustee' as a part of his signature?
Yes. A trustee must always declare that she is signing a document in her capacity as a trustee. If not, the validity of the document will be compromised by signing as an individual with no reference to her office as trustee.
Can the same person be both the beneficiary and the trustee of a blind trust?
No. The trustee has full control over the assets in the trust. In a 'blind trust' the trustee must be completely independent. If the beneficiary is the trustee then the trustee is not completely independent.
