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What is the appropriate amount for a trustee's fee and what can you do when you suspect the trustee is misusing the trust funds?
Wiki User
∙ 12y ago
It depends, but could be 1% of total estate and you can petition the courts to have the trustee removed if you suspect misusing of funds.
Wiki User
∙ 12y ago
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Is a group of trustees singular or plural?
Trustees is the plural of trustee. "The trustees had no idea where the money went"
Can trustees not follow a trust's terms?
Trustees have a legal obligation to follow the terms of a trust as set out by the trust document and applicable laws. Failing to adhere to the trust's terms can result in legal consequences or removal from the position of trustee. It is important for trustees to act in the best interest of the beneficiaries and manage the trust responsibly.
Where can one find more information on trustees?
The are websites to find more information about trustees. CTN The Trustee Network has a range of resources available, including a 'trustee finder' search facility.
How many trustees lead Georgia during trustee period?
21 :)
After the original settler of the trust appointed two trustees then died can the two trustees appoint a third trustee?
Typically, the power to appoint a trustee would have been granted by the settlor in the trust instrument. If the trust instrument allows for the remaining trustees to appoint a third trustee, then they would be able to do so. It is important to review the specific terms of the trust document to determine the trustees' authority in this situation.
What university was Glen Barton trustee of?
chairman of the board of trustees of Bradley University.
University of Illinois Board of Trustees compensation?
university of illinois trustee compansation
What should i do about a living trust that both the original trustee and the alternate trustee have declined to manage due to hostility between siblings?
A successor trustee must be appointed and the present trustees must be removed. There should be provisions in the trust document that direct how trustees will be appointed and removed. Hopefully, the trustor can appoint a new trustee who is a non-interested party.
What are the similarities and differences between a company limited by guarantee and incorporated trustee?
what is an incorporated trustees
Can one trustee sell property in trust without second trustee's signature?
That depends on the provisions set forth in the trust. You need to review the trust. The trust document may provide that any one trustee can act or it may require that both trustees join in any action taken by the trustees.
What was the time period of Trustee colony in Georgia?
The Trustee period of Georgia, was the first 20 years of Georgia history. It is referred to the Trustee period, because a Board of Trustees ran the colony.
Irrevocable trust - three trustees - can one trustee withdraw funds?
You must review the terms of the trust to determine if any one trustee can exercise the trustee powers. That is an important issue regarding trusts. Some trusts specify that less than the full number of trustees can act on behalf of the trust and some do not.
