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In common law jurisdictions a personal representative is a generic term for the executor or administrator of an estate. A personal representative can also be a person chosen to manage the day-to-day affairs for some other individual under the authority of a Power of Attorney .
A trustee is the person appointed by a trust document to manage the property held by the trust.
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Decline to Serve as Trustee or Personal Representative?
Decline to Serve as Trustee or Personal Representative(Download)_________________________, who is entitled to act as the trustee or personal representative of the estate of _________________________, by virtue of ______________________, herewith declines to serve as trustee or personal representative.Dated: ____________________________________________________________________Proposed Trustee or Personal RepresentativeDecline to Serve as Trustee or Personal RepresentativeReview ListThis review list is provided to inform you about this document and assist you in its preparation. It is a perilous task to act as a trustee or personal representative in this litigious age. For that reason alone, declining to serve in these positions makes a great deal of senseunless you have a personal commitment to do so. You can modify this document to conform to other offices or positions you elect to decline to serve in.1. Make multiple copies. Send one to each relevant party. Keep one in your personal files.2. Be advised that even declining may cause you to have some legal liability should you be proven to know the “next” in line will cause harm to the parties you were appointed to serve.
What is the difference between the trustee and the fiduciary of a trust?
fiduciary and trustee
What is the difference between the trustee and the royal colony?
royal-run by governor trustee-run by trustee
What kind of representative votes according to his personal judgment rather than the views of his constituity?
A trustee.
What is the difference between and IRA trustee and an IRA Custodian?
Custodian has passive control vs. a trustee who can invest, funds etc.
What is the difference between a trustee colony and a royal colony?
A Royal Colony is when they are under the king control. A Trustee Colony is when they are just workers for the king.
What dilemmas do representatives encounter when choosing between trustee and delegate?
With the trustee model, there is a chance that the representative will act for the benefit of his or her own interests as opposed to the interests of his or her constituents. With the delegate model, there is a chance that the representative will not make the best decision for his constituency as a whole and ignore the minority as well.
Can a Registered Representative be a trustee of a irrevocable trust?
yes
A representative who acts on conscience or to represent the broad interests of the entire society is acting as a?
representative of the people.
How does a successor trustee distribute the trustors personal belongings?
A successor trustee will distribute the trustor's personal belongings as dictated by the will and testament. This means that the successor trustee is bound by the same legal obligations as the original trustee.
What is a representative from a farming district who votes against farm subsidies is acting as a what?
A trustee
What is the difference between a delegate and a trustee?
A trustee is the one who is not going to consult public opinion polls or go along with what polls say. A delegate feels that they constituents are the boss and should be obeyed.
