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It depends, but could be 1% of total estate and you can petition the courts to have the trustee removed if you suspect misusing of funds.

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13y ago

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Is a group of trustees singular or plural?

Trustees is the plural of trustee. "The trustees had no idea where the money went"


Can trustees not follow a trust's terms?

A trustee MUST follow the terms set forth in the trust. The trustee has no other authority to deal with the trust property except as directed in the trust document. If you think the trustee is violating the trust you can bring an action in your appropriate court to have the trustee removed and a new one appointed. There may be provisions in the trust for removal of the trustee.


Where can one find more information on trustees?

The are websites to find more information about trustees. CTN The Trustee Network has a range of resources available, including a 'trustee finder' search facility.


After the original settler of the trust appointed two trustees then died can the two trustees appoint a third trustee?

Typically, the power to appoint a trustee would have been granted by the settlor in the trust instrument. If the trust instrument allows for the remaining trustees to appoint a third trustee, then they would be able to do so. It is important to review the specific terms of the trust document to determine the trustees' authority in this situation.


How many trustees lead Georgia during trustee period?

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University of Illinois Board of Trustees compensation?

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What university was Glen Barton trustee of?

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What should i do about a living trust that both the original trustee and the alternate trustee have declined to manage due to hostility between siblings?

A successor trustee must be appointed and the present trustees must be removed. There should be provisions in the trust document that direct how trustees will be appointed and removed. Hopefully, the trustor can appoint a new trustee who is a non-interested party.


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