Being a trustee of a will means that you are responsible for managing and distributing the assets of the estate according to the terms outlined in the will. Trustees have a legal obligation to act in the best interests of the beneficiaries and must follow the instructions outlined in the will faithfully.
Replacing the trustee with another for some reason; maybe the trustee gets old and finds the job burdensome. There might be another trustee named in the document as authorized "..in the event first trustee resigns." I'm no lawyer, but I guess you could petition the court for a replacement trustee if you could prove the trustee was not following the lawful trust instructions or something.
The possessive form of "trustee" is "trustee's." For example, "The trustee's decision was final."
When a trustee owns a house in Georgia, it typically means that the trustee holds legal title to the property on behalf of a beneficiary or beneficiaries, following the terms outlined in a trust agreement. The trustee manages the property as specified in the trust document and is accountable for acting in the best interest of the beneficiaries.
When a person is incapable of acting for himself due to minority, mental illness or physical incapacity, a trustee may be appointed. The trustee signs cheques "John Doe as Trustee for Simon Smith". The trustee can vote if necessary in exactly the same fashion.
No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.
Trustee
Could be "as trustee for"
TTEE is an abbreviation for "trustee." The trustee on a trust or on a other deposit account controls the assets in the trust or the funds in the account.
Replacing the trustee with another for some reason; maybe the trustee gets old and finds the job burdensome. There might be another trustee named in the document as authorized "..in the event first trustee resigns." I'm no lawyer, but I guess you could petition the court for a replacement trustee if you could prove the trustee was not following the lawful trust instructions or something.
The possessive form of "trustee" is "trustee's." For example, "The trustee's decision was final."
It generally means "Trustee".
TTEE is standard abbreviation for TRUSTEE.
As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.
What kind of "trustee?" "Trustee" for WHAT?
What is a life of Trustee.
When a trustee owns a house in Georgia, it typically means that the trustee holds legal title to the property on behalf of a beneficiary or beneficiaries, following the terms outlined in a trust agreement. The trustee manages the property as specified in the trust document and is accountable for acting in the best interest of the beneficiaries.
When a person is incapable of acting for himself due to minority, mental illness or physical incapacity, a trustee may be appointed. The trustee signs cheques "John Doe as Trustee for Simon Smith". The trustee can vote if necessary in exactly the same fashion.