A trustee is someone that people have placed their trust in. Usually this means that a person is responsible for money or financial instruments on behalf of someone else. Often a minor, who is not able to contract, will have a trustee that maintains a trust for that minor. A trust is a set of funds, investments and/or property that they must track and report on with full accountability.
Briefly, a trustee is someone who holds legal title to property in trust for another. They owe a duty to the beneficiary of the trust and must carry out their duty in accordance with the provisions of the trust instrument. A trustee in bankruptcy is an officer appointed by the court to collect the assets of the debtor and who can sell the debtor's property under the supervision of the court.
As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.
What kind of "trustee?" "Trustee" for WHAT?
What is a life of Trustee.
trustee's
No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.
royal-run by governor trustee-run by trustee
royal-run by governor trustee-run by trustee
Yes. A trustee must always declare that she is signing a document in her capacity as a trustee. If not, the validity of the document will be compromised by signing as an individual with no reference to her office as trustee.
No. The trustee has full control over the assets in the trust. In a 'blind trust' the trustee must be completely independent. If the beneficiary is the trustee then the trustee is not completely independent.
First, a trustee is the trustee of a TRUST. The house may be trust property. The powers of a trustee are set forth in the trust document. If the house is owned by the trust and the trustee has the power to sell real estate then yes, a trustee can convey the house.
That is a way of stating that a trustee has been replaced by a successor trustee. The substitution or appointment must be in writing.
If there is (1) more than one trustee; and, (2) the trustee-beneficiary cannot act as trustee unilaterally; and (3) the other trustee is not a beneficiary of the trust, yes. If the the trustee is also designated the beneficiary, the trust fails as illusory.