Verify that they were actually deposited. For me, I would make copies of the signed checks before handing them over to anyone. Hopefully the trustee will send you both the copies of the checks and a copy of the deposit receipt.
Yes, if they have a right to the money either as a beneficiary or as payment for their work. They have to provide a full accounting to the court.
The person authorized to write checks on an account is called the account holder or account operating customer. He/she is the only person authorized to write checks on that account. Nobody else can do so. (In case of a joint account, all holders of the account can write checks)
The checks will bounce.
because they not very smart
Checks made payable to the Estate, or to the Trustee of the Estate in their capacity as Trustee, and/or to the individual for whom the Estate is named.
Verify that they were actually deposited. For me, I would make copies of the signed checks before handing them over to anyone. Hopefully the trustee will send you both the copies of the checks and a copy of the deposit receipt.
Voting as a trustee means making decisions based on what is in the best interest of the people or organization you represent, rather than personal opinions or interests. Trustees are expected to act responsibly and with integrity when casting their vote on behalf of others.
No. No one can close a bank account when there are outstanding checks that must be paid to the bearer.
Yes, if they have a right to the money either as a beneficiary or as payment for their work. They have to provide a full accounting to the court.
The person authorized to write checks on an account is called the account holder or account operating customer. He/she is the only person authorized to write checks on that account. Nobody else can do so. (In case of a joint account, all holders of the account can write checks)
Atheists can write checks, just as much as any other person. What a silly question.
The checks will bounce.
Generally, yes. Cashing checks would be among the usual duties of the trustee. Remember that the trustee is the person appointed to act on behalf of a trust. A trust is a legal relationship created on paper and it needs a person to do the legwork. Trustees have all the powers set forth in the document that created the trust.
The type of account that allows you to deposit money and write checks is a checking account.
The number of bad checks before jail depends on state laws and the amount of money involved. Writing a bad check can be considered a misdemeanor or felony, typically after multiple offenses or if the amount exceeds a certain threshold. It's important to address any bounced checks promptly to avoid legal consequences.
If possible you should discuss the situation with the trustor and ask to have the trustee removed. If that's not possible you could start by asking for an accounting by the trustee. You have an equitable interest in the trust property and the trustee is responsible while he is in charge. If you suspect that the trustee is borrowing against the trust, take him to court. Court's do not look favorably on self-dealing by a trustee and can remove the trustee if it finds the trustee is violating the trust. As a fiduciary the trustee is bound to do nothing that compromises anyone's rights under the trust. As a fiduciary the trustee has the obligation to grow the assets of the trust rather than waste them. If the trustee is making unsecured, no-interest loans to himself he is not making prudent decisions on behalf of the trust.