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What is another word for beneficiaries?
grantee, heir, inheritor, legatee, recipient, successor.
What is the Successor's legal obligation to an estate after last surviving Grantor dies?
The Successor's legal obligation to an estate after the last surviving Grantor dies is to administer the estate according to the terms outlined in the Grantor's estate planning documents, such as a will or trust. This may involve distributing assets to beneficiaries, settling any outstanding debts or taxes, and fulfilling any other instructions specified by the Grantor. The Successor is required to act in the best interests of the estate and its beneficiaries.
Can the trustee of a will give items of the estate to non beneficiaries and refuse an interim distribution to the stated beneficiaries?
The trustee under a will MUST distribute the estate according to the provisions in the will. The trustee does NOT have the authority to make gifts to non-beneficiaries unless that power was granted in the testamentary trust. The trustee should be reported to the court that appointed her/him for mishandling their authority and the estate. You should ask the court to appoint a successor trustee.
What does successor mean?
A "successor" is one who "succeeds", or follows after, another. Heirs, "next in line", descendants, and beneficiaries are all examples of successors. The one "succeeded" is referred to as the "predecessor".
Can a majority of Beneficiaries remove an Executor who is not operating in the beneficiaries best interests like spending unnecessary funds?
No.It generally requires a court action of some kind to remove an executor. What a "majority" wants is irrelevant; the only thing that matters is whether the executor is acting in good faith in attempting to carry out the wishes of the deceased.Another PerspectiveThe beneficiaries can petition the court for the removal of the executor and the appointment of a successor. The complaints should be set forth in a clear and concise manner with examples of the misuse of funds. If the executor is indeed wasting estate assets the beneficiaries have a right to complain. The court will review the situation and render a decision.
If a bank was the trustee for the trust holder but the bank has been bought out twice. How do you find out who the trustee is now for the trust holder's beneficiaries?
Typically the trustee is the successor bank, but it does depend on wording in the trust as well as potentially state and/or federal banking laws.
What is the successor of predecessor of 5679?
5679 successor
What is a successor's status in collecting life insurance as verses a beneficiary's?
Beneficiaries will always collect 1st. Primary then contingent. If no one as named beneficiary is still alive, it would go the primary beneciaries survivors. The claims department of the insurance company will assist you. 4lifeguild
How is the number 5 similar between Roman and Mayan numbers?
According to Peano's axioms, in either system, it is the successor to the successor to the successor to the successor to the successor to 0.
Who was snefru's successor?
his successor was Khufu
Who was Galba's successor?
Galba's successor was Otho.
Who was the successor to Saint Elizabeth of Hungary?
What do you mean successor? I can find no indication that she had a successor but she did have 4 children.
