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What if I did not sign the tax refund checks that I gave to the trustee?
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.
Who can sign on a irrevocable trust account?
The trustee must sign. The trustee is the only person who has the power to sign on behalf of the trust. It is their purpose.
How to sign as trustee?
_________________ [signature line] John Doe, Trustee of the Biff Doe Trust.
What does ac mean on the payee line of us treasury checks?
what does a % sign mean on a us treasury check
How do beneficiaries get a report from the trustee?
In writing, ask the trustee for a full accounting of the trust's activity. By law you are entitled to these documents from the trustee when requested.
What if I did not sign the tax refund checks that I gave to the trustee?
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.
What checks can be deposited into an estate bank account?
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.
Who can sign on a irrevocable trust account?
The trustee must sign. The trustee is the only person who has the power to sign on behalf of the trust. It is their purpose.
How to sign as trustee?
_________________ [signature line] John Doe, Trustee of the Biff Doe Trust.
Who must sign the reconveyance of a deed of trust?
trustee
Can a successor trustee close a trust checking account when there are outstanding checks that havent been cashed?
No. No one can close a bank account when there are outstanding checks that must be paid to the bearer.
Selling property with Trustee on deed?
This might indicate that at least part of the ownership was held in trust, and the trustee represents the trust. One or more authorized trustees of the trust must sign the deed or authorize someone else to sign with a proper power of attorney.
Can a trustee cash a check for an irrevocable trust?
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.
Minimum age of trustee in a living trust?
The minimum age for a trustee in a living trust is typically 18 years old. However, it is advisable to choose a trustee who is mature, responsible, and capable of managing the trust assets effectively.
What would you think if a trustee asks you to sign away your rights to a trust so he can reinvest the money?
A person with assets sometimes decides to set aside some of those assets in a trust that will pay over the profits, or assets for the use and benefit of another person. A trustee is appointed to act in regards to the trust property. Generally, the power to reinvest the trust property is included in the powers of the trustee. A beneficiary would not be required to sign away rights as a beneficiary so the trust funds could be reinvested. The beneficiary is someone the donor cares about. The trust instrument, written by the donor, directs what the trustee may do with the trust property and how the payments must be made to the beneficiary. The trustee MUST follow the provisions of the trust unless the trust instrument allows her/him to use discretion. To your question: It raises suspicion that the trustee has asked that you "sign away your rights in the trust". You should seek the advice of an attorney who could review the trust and the actions of the trustee and advise you on how you should proceed in order to protect your interests as a beneficiary. Until then, sign nothing.
What is the possessive form of trustee?
The possessive form of "trustee" is "trustee's." For example, "The trustee's decision was final."
Do you sign a cashiers check if you are the purchaser?
Cashiers checks, also known as tellers checks or bank checks, are signed by a representative of the bank, not the purchaser. Money orders are typically signed by the purchaser.
