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A trustee is an individual or entity appointed to manage and administer assets or property on behalf of another party, known as the beneficiary. The trustee has a fiduciary duty to act in the best interests of the beneficiary, ensuring that the assets are managed prudently and according to the terms of the trust agreement. Responsibilities may include investment management, distribution of funds, and maintaining accurate records. Trustees can be appointed in various contexts, including estate planning, charitable organizations, and pension funds.
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What is a declaration of non-monetary status by foreclosure trustee?
Pursuant to California Civil Code 2924l:2924l. (a) In the event that a trustee under a deed of trust isnamed in an action or proceeding in which that deed of trust is thesubject, and in the event that the trustee maintains a reasonablebelief that it has been named in the action or proceeding solely inits capacity as trustee, and not arising out of any wrongful acts oromissions on its part in the performance of its duties as trustee,then, at any time, the trustee may file a declaration of nonmonetarystatus. The declaration shall be served on the parties in the mannerset forth in Chapter 5 (commencing with Section 1010) of Title 14 ofthe Code of Civil Procedure.[there is more under the Code...]http://www.leginfo.ca.gov
What is the possessive form of trustee?
The possessive form of "trustee" is "trustee's." For example, "The trustee's decision was final."
What is the past tense of pursuant?
Pursuant is an adjective so it doesn't have a past tense.
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.
How do you use pursuant in a sentence?
I am giving you these flowers pursuant to our date this evening.
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.
Can you use the word pursuant in a sentence?
They submitted the correct documents pursuant to the law applying for a visa.
What is substitution of trustee?
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.
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.
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.
