Yes, however, the action is carried out by the trustee. The
trustee of the trust acts on behalf of the trust. If there is a
legal issue involving trust property the trustee is the entity with
the legal authority to represent the trust.
Yes, however, the action is carried out by the trustee. The
trustee of the trust acts on behalf of the trust. If there is a
legal issue involving trust property the trustee is the entity with
the legal authority to represent the trust.
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A successor trustee will distribute the trustor's personal
belongings as dictated by the will and testament. This means that
the successor trustee is bound by the same legal obligations as the
original trustee.
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Trustees who abuse a trust may face legal action, removal from their position as trustee, and potentially be required to repay any misused funds. The beneficiaries of the trust can take legal action to hold the trustee accountable for their actions.
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Yes, a beneficiary can attempt to exert undue influence or pressure on a trustee to act in a certain way, but the trustee has a legal duty to act in the best interests of the trust and all beneficiaries. If a beneficiary's behavior crosses the line into harassment or coercion, the trustee may need to take legal action to protect the trust and its beneficiaries.
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A job as a trustee involves being the holder of property on
behalf of somebody who will benefit. Jobs as a trustee can be found
by visiting legal practices or by checking the local listings.