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When co-trustees disagree, it can lead to conflicts that may hinder the effective management of the trust. Depending on the terms of the trust document, they may need to reach a consensus or seek mediation to resolve their differences. If an agreement cannot be reached, one or both trustees may need to petition a court for guidance or a decision. Ultimately, the resolution process aims to ensure the trust is administered in accordance with its terms and the best interests of the beneficiaries.
What else can I help you with?
What rights does a co trustee have?
A co-trustee has the right to participate in decision-making, access trust information, and manage trust assets. Co-trustees typically have equal rights and responsibilities, as outlined in the trust document or by state law. Collaboration and cooperation among co-trustees are crucial for effectively carrying out their duties.
Based on New York state law can an irrevocable trust have co trustees or is only one trustee permitted?
There can be two trustees, depends on the wording of the trust.
Can the holocaust be co sidered an apocalypse?
yes, although i personally disagree with that categorisation.
Removing a co-executor from a trust after the trustees death?
Look to the instrument that created the trust for instructions for appointment of the successor trustee. Co-executors are not appointed for a trust, they are appointed by a court. You would need to petition the court to remove a co-executor.
What is the plural possessive of trustees?
The possessive form of the plural noun trustees is trustees'.
Is a group of trustees singular or plural?
Trustees is the plural of trustee. "The trustees had no idea where the money went"
Can the surviving Trustor change the Co-Trustees of the decedent Trustor's trust?
The trust document dictates the provisions of the trust. You need to review the trust document to determine if and how successor trustees may be appointed.The trust document dictates the provisions of the trust. You need to review the trust document to determine if and how successor trustees may be appointed.The trust document dictates the provisions of the trust. You need to review the trust document to determine if and how successor trustees may be appointed.The trust document dictates the provisions of the trust. You need to review the trust document to determine if and how successor trustees may be appointed.
What happens to people when they disagree with a new law that was passed?
they get arrested if they break it, it is the law!!!!!!!
Pwu Chairperson of the Board of Trustees?
Chairperson of the board of: trustees
When was The Trustees of Reservations created?
The Trustees of Reservations was created in 1890.
What happens if HOA only has 2 trustees and one does not obey by-laws?
There is no way to predict the future of the association, given your accusations. As an owner, you can identify actions taken by trustees that are in violation of your governing documents, and bring them to the attention of the community. Finding other owners who believe that -- because of the actions of the trustees, your real estate has lost value -- the trustees must be replaced, you can affect this change as written in your governing documents to remove them. Finally, you may want to amend your governing documents to change the number of trustees to an odd number, so that ties in votes are automatically avoided.
What has the author Marian C Manley written?
Marian C. Manley has written: 'A handbook for library trustees' -- subject(s): Library trustees 'A handbook for the library trustees' -- subject(s): Library trustees
