Can a trustee disolvevthe charitable trust and keep any profits
They most certainly may not! The entire purpose of the trust is to prevent the beneficiary from controlling the trust. The responsibility lies with the trustee to maintain the trust as it was set up. Actually, it depends on what kind of a trust is involved. For example, a Land Trust is beneficiary driven....meaning the beneficiary tells the Trustee what to do by letter of direction. Most all other types of trusts are Trustee driven and decisions are made by the Trustee. Randy Hughes
==One Answer== A trustee to trustee transfer is the legal method used to transfer an IRA or SEP (retirement accounts) account to another entity. For example, if you have an IRA certificate of deposit mature at one bank and wish to transfer it to another bank with a higher interest rate you are not allowed to cash out the CD and transfer it yourself. You need to fill out forms at the new bank and a trustee to trustee transfer will be done between the two banks. Once you have deposited funds into a personal retirement account you cannot withdraw the money yourself without incurring penalties. The banks act as your trustees.
The financial situation of the trustee should be irrelevent to the estate. Unless they have been embezzling funds, there isn't any effect.
trustee management profit maximization social invovement
They are a trustee for many banks. As trustee they act as a disinterested third party until you default on your loan
The identity of successor trustees and the procedure for succession will be plainly specified in the provisions of the trust instrument. Judicial involvement would be necessary for naming a successor trustee or a procedure thereto beyond the terms of the trust instrument. Citing the lack of a disinterested trustee would be a valid basis for petitioning a court to change the identity of a successor trustee beyond the operation of the terms of the instrument, but the court's question would be why was the individual thought likely or even certain to be disinterested when the trust instrument was originally drafted.
Disinterested and uninterested are different.
The Boy Was Disinterested In What The Teacher Said .
*uninterested, not disinterested.
children or the disinterested public
To a disinterested observer, both sides seemed unreasonable in their demands. It was difficult to find a disinterested voter as the fiercely-contested election drew nearer.
As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.
disinterested
Example sentences for disinterested: I wanted to plan a surprise party for Mom's birthday, but my siblings seemed disinterested. As a child, she was completely disinterested in dolls and preferred to play with Tonka trucks. Since buying that video game, he has been disinterested in all other activities.
What kind of "trustee?" "Trustee" for WHAT?
What is a life of Trustee.