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No, a trustee must act in accordance with the terms of the trust and should not make a gift without authorization or within the scope of their powers as outlined in the trust document. Acting outside of their authority could be a breach of fiduciary duty and could result in legal consequences.
What else can I help you with?
Is a Gift Deed or a Deed of Gift an instrument used to convey property from a father to his son?
A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.
What does I give devise and bequeath a life estate interest in your real propery mean?
This answer posted is wrong when it states: "it means giving a power to the trustee in the will , so trustee can sell , collect money of property and so on , depends on the powers mentioned under this section" In fact, the gift of a life estate when set out in a Will means that the person receiving the gift (usually the right to live in the family home), can use the home and live in it for the remainder of his or her life. Upon their death, the property typically goes back into the original estate, to be distributed or sold, as directed in the original will. The person receiving the gift can neither sell the property or re-gift it under his or her own will, he or she can simply live in the property for the remainder of his or her life.
What was the gift of slavery?
Slavery was not a gift, but a brutal system that exploited and oppressed people for labor and economic gain. It caused immeasurable suffering, loss of freedom, and generational trauma for millions of individuals and communities.
What is a donee?
A donee is the person or entity to which a thing is given. A donor is the person or entity who gives it.
Can you gift a house to someone when the mortgage is paid off?
Yes, once the mortgage on the house is paid off, you can gift the house to someone by transferring ownership through a legal process such as a deed transfer or a quitclaim deed. It's important to consult with a legal professional to ensure the transfer is done correctly and to understand any tax implications that may arise from the gift.
When a doner makes a Gift in Trust who is the donee?
the trustee
Can you receive money as a gift after filing chapter 13?
Yes, you can receive money as a gift after filing for Chapter 13 bankruptcy. However, you must report this gift to the bankruptcy court and your trustee, as it could affect your repayment plan. The trustee may consider the gift as disposable income, which could lead to adjustments in your plan. It's advisable to consult with your bankruptcy attorney to understand the implications fully.
What is the difference between a trustee and a beneficiary?
A beneficiary is a person who will receive a gift from somebodies estate. A Trustee is someone who will look after the asset until the beneficiary can receive the gift. i.e If children can only inherit when they reach the age of 21. The trustees would look after the asset until they reached 21.
What gift did the spirit give without measure?
The spirit gave the gift of love without measure.
How do you get arceus without the mystery gift?
you can get him by cheats but without the mystery gift i am not sure i will try to ask gamefreek for an update.
What do you do if the dealership went bankrupt without giving you a title or bill of sale?
you went to a car dealership, didnt you? You DIDNT go to a casino. Did you sign a loan contract?? The B/K trustee and the manu. of the car will be looking for the car. Dont worry you wont have to pay TAXES on the gift of the car.
How do you get the Mystery Gift without Wi-Fi?
How do you get the mystery gift on wi-fi?
Where to get a aurora ticket without a mystery gift action replay and gameshark?
it's impossible without mystery gift action replay or gameshark
Can you catch arceus without the mystery gift or members card?
Not without cheating
Can each parent gift 16,000?
Yes, each parent can gift up to 16,000 per year without incurring gift tax.
How do you get Arceus in Pokemon diamond without action replay and without mystery gift and without the flute?
You can't
How do you get Dakar without mastery gift?
get action replay
