Can a trustee disolvevthe charitable trust and keep any profits
They most certainly may not! The entire purpose of the trust is to prevent the beneficiary from controlling the trust. The responsibility lies with the trustee to maintain the trust as it was set up. Actually, it depends on what kind of a trust is involved. For example, a Land Trust is beneficiary driven....meaning the beneficiary tells the Trustee what to do by letter of direction. Most all other types of trusts are Trustee driven and decisions are made by the Trustee. Randy Hughes
==One Answer== A trustee to trustee transfer is the legal method used to transfer an IRA or SEP (retirement accounts) account to another entity. For example, if you have an IRA certificate of deposit mature at one bank and wish to transfer it to another bank with a higher interest rate you are not allowed to cash out the CD and transfer it yourself. You need to fill out forms at the new bank and a trustee to trustee transfer will be done between the two banks. Once you have deposited funds into a personal retirement account you cannot withdraw the money yourself without incurring penalties. The banks act as your trustees.
The financial situation of the trustee should be irrelevent to the estate. Unless they have been embezzling funds, there isn't any effect.
A disinterested trustee is an individual or entity that serves as a trustee without any personal interest or stake in the trust's assets or its beneficiaries. This impartiality is crucial for ensuring that the trustee can make unbiased decisions that are in the best interests of the beneficiaries. Disinterested trustees help mitigate conflicts of interest and enhance the trust's integrity and transparency. They are often appointed to manage trust assets fairly and according to the terms set forth in the trust document.
In succession
Trustee
Could be "as trustee for"
You mean rigmorale -- which is a succession of rambling discourse or a succession of tiresome duties.
TTEE is an abbreviation for "trustee." The trustee on a trust or on a other deposit account controls the assets in the trust or the funds in the account.
it depends on what you mean by secondary succession. you mean taking it over? to replant or to cut again?
Replacing the trustee with another for some reason; maybe the trustee gets old and finds the job burdensome. There might be another trustee named in the document as authorized "..in the event first trustee resigns." I'm no lawyer, but I guess you could petition the court for a replacement trustee if you could prove the trustee was not following the lawful trust instructions or something.
one after another
4th in line.
The possessive form of "trustee" is "trustee's." For example, "The trustee's decision was final."
It generally means "Trustee".
TTEE is standard abbreviation for TRUSTEE.