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An independent trustee is an entity who is completely independent of the parties to the trust, not a relative. For example, an accountant, attorney or the trust department of a bank would be an independent trustee.
An independent trustee is an entity who is completely independent of the parties to the trust, not a relative. For example, an accountant, attorney or the trust department of a bank would be an independent trustee.
An independent trustee is an entity who is completely independent of the parties to the trust, not a relative. For example, an accountant, attorney or the trust department of a bank would be an independent trustee.
An independent trustee is an entity who is completely independent of the parties to the trust, not a relative. For example, an accountant, attorney or the trust department of a bank would be an independent trustee.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoAn independent trustee is an entity who is completely independent of the parties to the trust, not a relative. For example, an accountant, attorney or the trust department of a bank would be an independent trustee.
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Can the same person be both the beneficiary and the trustee of a blind trust?
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.
Is it true that Great Britain recognized US as an independent nation in the trustee of London?
no
Why must the trustee of an irrevocable insurance trust make the premium payment?
As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.
Can convicted felons be a trustee in Florida?
What kind of "trustee?" "Trustee" for WHAT?
How do you remove an appointed trustee from the board of trustee?
What is a life of Trustee.
What is the possessive form of trustee?
The possessive form of "trustee" is "trustee's." For example, "The trustee's decision was final."
Can original trustee take back duties after turning over to successor trustee?
In general, once a trustee transfers their duties to a successor trustee, they no longer have the authority to take back those duties without the approval of the beneficiaries or a court order. It is important to follow the terms outlined in the trust document and seek legal advice if there is a dispute or question about trustee responsibilities.
What is the difference between the trustee and the royal colony?
royal-run by governor trustee-run by trustee
Is a trustee required to use 'trustee' as a part of his signature?
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.
What is a debenture stock trust deed's purpose?
To regulate the relationship between the issuer and the subscriber of stock, with the subscribers being represented by a Debenture Trust Deed trustee - an independent party.
Can the trustee and beneficiary be the same person in case of private trust?
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.
What is substitution of trustee?
Substitution of trustee is a legal process where the current trustee of a trust is replaced with a new trustee. This can be done for various reasons, such as the original trustee resigning, becoming incapacitated, or being removed due to misconduct. The new trustee assumes all the duties and responsibilities of the former trustee.
