The trustees are bound by the trust byelaws filed with the charity commissioner and are suppose to function as per the prevailing public trust act of the concern state.
schools,churches,hospitals
no he cant,,he can only be appoint as a trustee of a orgnisation
Hospitals, nonprofit groups
A trust doesn't have an executor. It has a trustee. The trustee manages the trust according to the terms of the trust.
Previous research has shown that death rates are 25% higher in proprietary hospitals than in teaching hospitals, and 6-7% higher in proprietary hospitals than in nonprofit institutions.
The responsibilities of any trustee are set forth in the trust instrument. A trust should always be drafted by an attorney who specializes in trust law and tax law and who will set the provisions of the trust to meet the needs of the trustor. The powers and responsibilities of the trustee(s) are set forth in the trust instrument and they have no other powers.
No. The trustee has the power and authority to handle the money in the trust according to the terms set forth in the trust. The trustee must distribute the profits as provided in the trust and must distribute the remaining trust property when the trust terminates according to the provisions in the trust. The trust may also provide compensation for the trustee.
Nonprofit organizations may receive funding from sponsorship, donations, or reimbursement for services. The designation "nonprofit" doesn't mean that the organization doesn't charge for services, but only that any resulting profit (the difference between income and expenses) is used within the agency to further its mission. For instance, both for-profit and non-profit hospitals charge for services, but non-profit hospitals don't distribute profits to owners or shareholders.
The trustee of the trust has all the power and authority to act for the trust. Their duties and powers are set forth in the instrument that created the trust. Their only power over the beneficiaries are those set forth in the trust.A non-trustee (beneficiary) has no power regarding the operation of the trust unless they were given specific powers in the trust instrument such as the power to appoint a new trustee. The beneficiaries also have the power to file a complaint in court if the trustee fails to perform their responsibilities appropriately.The trustee of the trust has all the power and authority to act for the trust. Their duties and powers are set forth in the instrument that created the trust. Their only power over the beneficiaries are those set forth in the trust.A non-trustee (beneficiary) has no power regarding the operation of the trust unless they were given specific powers in the trust instrument such as the power to appoint a new trustee. The beneficiaries also have the power to file a complaint in court if the trustee fails to perform their responsibilities appropriately.The trustee of the trust has all the power and authority to act for the trust. Their duties and powers are set forth in the instrument that created the trust. Their only power over the beneficiaries are those set forth in the trust.A non-trustee (beneficiary) has no power regarding the operation of the trust unless they were given specific powers in the trust instrument such as the power to appoint a new trustee. The beneficiaries also have the power to file a complaint in court if the trustee fails to perform their responsibilities appropriately.The trustee of the trust has all the power and authority to act for the trust. Their duties and powers are set forth in the instrument that created the trust. Their only power over the beneficiaries are those set forth in the trust.A non-trustee (beneficiary) has no power regarding the operation of the trust unless they were given specific powers in the trust instrument such as the power to appoint a new trustee. The beneficiaries also have the power to file a complaint in court if the trustee fails to perform their responsibilities appropriately.
If you are the trustee then you have certain responsibilities regarding the operation of the trust. Perhaps you should call the lawyer and ascertain what your responsibilities as trustee encompass. There may be situations where the beneficiaries have the right to call you. Straighten it all out with the attorney and then notify the beneficiaries in writing about your responsibilities and who they should call when they have a question or request.It is likely that you are paid a fee for your role as trustee. The attorney would also be paid a legal fee for any time she spends dealing with the trust. Therefore, you should come to an understanding about who should be called regarding questions by the beneficiaries. Once you arrive at an understanding of your own duties you could arrange to have the beneficiaries email you with their comments, questions and requests.If you are the trustee then you have certain responsibilities regarding the operation of the trust. Perhaps you should call the lawyer and ascertain what your responsibilities as trustee encompass. There may be situations where the beneficiaries have the right to call you. Straighten it all out with the attorney and then notify the beneficiaries in writing about your responsibilities and who they should call when they have a question or request.It is likely that you are paid a fee for your role as trustee. The attorney would also be paid a legal fee for any time she spends dealing with the trust. Therefore, you should come to an understanding about who should be called regarding questions by the beneficiaries. Once you arrive at an understanding of your own duties you could arrange to have the beneficiaries email you with their comments, questions and requests.If you are the trustee then you have certain responsibilities regarding the operation of the trust. Perhaps you should call the lawyer and ascertain what your responsibilities as trustee encompass. There may be situations where the beneficiaries have the right to call you. Straighten it all out with the attorney and then notify the beneficiaries in writing about your responsibilities and who they should call when they have a question or request.It is likely that you are paid a fee for your role as trustee. The attorney would also be paid a legal fee for any time she spends dealing with the trust. Therefore, you should come to an understanding about who should be called regarding questions by the beneficiaries. Once you arrive at an understanding of your own duties you could arrange to have the beneficiaries email you with their comments, questions and requests.If you are the trustee then you have certain responsibilities regarding the operation of the trust. Perhaps you should call the lawyer and ascertain what your responsibilities as trustee encompass. There may be situations where the beneficiaries have the right to call you. Straighten it all out with the attorney and then notify the beneficiaries in writing about your responsibilities and who they should call when they have a question or request.It is likely that you are paid a fee for your role as trustee. The attorney would also be paid a legal fee for any time she spends dealing with the trust. Therefore, you should come to an understanding about who should be called regarding questions by the beneficiaries. Once you arrive at an understanding of your own duties you could arrange to have the beneficiaries email you with their comments, questions and requests.
John Arthur McNamara has written: 'What the hospital trustee should know' -- subject(s): Hospitals, Management and regulation
The trustee of a trust is obligated to carry out the terms as they are set forth in the trust instrument. The trustee may exercise only the powers set forth and must distribute the income from the trust only as directed in the trust instrument. If the trustee acts in conflict with any provisions set forth in the trust they have breached their fiduciary responsibilities. If the trust is supervised by an attorney or on file at an attorney's office then make a complaint there first. You should ask to have a copy of the trust instrument if you are an interested party. The trust instrument may contain provisions for removal of a trustee. If none are provided you could petition the appropriate court to have the trustee removed and a successor trustee appointed. In Massachusetts that petition could be filed in probate court.