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"Embezzlement" IS the legal word for it... unless you are looking for the phrase "Larceny After Trust" which is another applicable charge in some jurisdictions.
Wiki User
∙ 15y ago
The term that applies to the embezzlement of money held in trust is "trust theft" or "fiduciary theft." This refers to the illegal act of misappropriating funds or assets that have been entrusted to someone's care, such as a trustee or executor. Trust theft typically involves a breach of fiduciary duty and is considered a serious financial crime.
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Who has the legal title of the property in a trust?
Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.
Can a trust lend money to a beneficiary to buy a house even though the trust usually distributes income to the beneficiary at year end?
You need to review the terms of the trust. The instrument that created the trust sets forth all the powers of the trustee. You need to determine if the trustee has the power to loan money from the funds held in trust.
What is a in trust for account?
When money or funds are in trust in an account, they are typically being held for one party and handled by another. It is a way to control and convey assets for a third-party owner.
What is the beneficiary in a trust?
the beneficiary in a trust is the person whom benefits from that which is held in trust.
Am you Old Enough To Be On A Movie you are 12?
Yes, you can be in a movie at 12, but the laws are different for minors. A percentage of your money will be held in trust for you until you are 18.
What actors and actresses appeared in Held in Trust - 1986?
The cast of Held in Trust - 1986 includes: Diana Rigg as Herself - Presenter
Can property held in a trust be seized by a court order?
Yes. There are circumstances whereby a court can order the transfer of property held in a trust.
Can a name be added to living trust property?
No. The property in a trust is held in the name of the trustee of the trust. It may be possible to amend the trust to include another trustee. Such actions should be done by an attorney.No. The property in a trust is held in the name of the trustee of the trust. It may be possible to amend the trust to include another trustee. Such actions should be done by an attorney.No. The property in a trust is held in the name of the trustee of the trust. It may be possible to amend the trust to include another trustee. Such actions should be done by an attorney.No. The property in a trust is held in the name of the trustee of the trust. It may be possible to amend the trust to include another trustee. Such actions should be done by an attorney.
What are the release dates for Holmes on Homes - 2001 Held in Trust?
Holmes on Homes - 2001 Held in Trust was released on: USA: 1 November 2007
Can a trustee get a loan on the property held in trust to pay off heirs?
Trustee is not the owner of the property and hence he will have no right to sell the property held under trust.
If one left company with money in 401k can it be retrieved years later?
Yes, those monies are held in a trust company for your benefit only. You're the only person who can access them.
Is property held in an irrevocable trust protected in bankruptcy?
Can you protect your assets from bankruptcy by placing them in an irrevocable trust?
