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What else can I help you with?
How do you use trustee in a sentence?
My mother made her bank the trustee for her accounts so they could pay her bills for her.
Can one use purchased debt of the trustee to pay off a judgment against them by the trust?
Only the trustee handling the case can answer that. It is at the descretion of the trustee of who, how, and when to allocate the assets.
Will the trustee take the remainder of a settlement after you pay off bankruptcy?
The Trustee keeps anything that is not exempt. If your settlement is part of the bk, and is not exempt, it will be used to pay off your creditors.
Why would your bankruptcy trustee object to your stopping your bankruptcy?
You might have had assets in excess of your statutory exemptions that the trustee is legally obligated to collect and pay your creditors.
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.
How can you address misappropriation of your inheritence by a private bankruptcy trustee?
Your case is handled by a court, with a judge. The trustee is essentially on that staff. Better get your facts and laws straight. Its a serious accusation your bringing. The Trustee is actually working on your behalf to pay YOUR bills....if that's where the money went...to pay your debts, not to his benefit....he probably just did what he was supposed to. But what do you think should be legally done with the money you received other than pay those you owe and swore you would pay?
Can you purchase a house if you pay off your chapter 13 early and have permission from your Trustee?
If you pay off your Chapter 13 early and receive your discharge, you won't need permission from the trustee for anything. The case will be over and you can make whatever purchase you qualify for.
What happens if you spent your tax return and the trustee wants you to pay it to him?
The party involved will have to remit the amount to the trustee or formerly exempted property can be seized and liquidated to cover the amount of the tax refund. If neither option is possible the trustee can request that the BK be dismissed with prejudice.
What is a spray trust?
A "spray trust" or "sprinkle trust" is created when the settlor gives the trustee discretion to pay income out of the trust to any of the beneficiaries of the trust as their needs appear. Thus the trustee has discretion to "spray" the income among the various beneficiaries. The trustee has a fiduciary duty to inquire as the the beneficiaries finances to assure the trustee's standard of living can be maintained.
How do you make out a check to a trustee?
To make out a check to a trustee, write the trustee’s name as it appears in the trust document on the "Pay to the Order of" line. Include the amount in both numerical and written form. Ensure to specify the purpose of the payment in the memo line, if applicable, and sign the check. Always verify the details with the trust documents or the trustee to ensure accuracy.
What is the possessive form of trustee?
The possessive form of "trustee" is "trustee's." For example, "The trustee's decision was final."
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.
