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What is substitution of trustee?
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.
What is the possessive form of trustee?
The possessive form of "trustee" is "trustee's." For example, "The trustee's decision was final."
What does it mean when a trustee owns a house in Ga?
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.
Can original trustee take back duties after turning over to successor trustee?
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.
What does it mean to be trustee of a will?
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.
Can a township trustee have a criminal record?
Yes, a township trustee can have a criminal record as this is usually an elected position. If people vote them in, then they can hold the position.
Who trustee cast they vote?
A trustee casts their vote to represent the interests of the beneficiaries of a trust or organization. Their vote reflects their fiduciary duty to act in the best interest of those they serve, considering the trust's objectives and the welfare of the beneficiaries. The decision-making process often involves evaluating relevant information, consulting with advisors, and adhering to legal and ethical standards.
What does TTEE mean on a bank account?
Trustee
Does substitution of trustee mean the same as termination of trustee?
No, substitution of trustee and termination of trustee are not the same. Substitution of trustee refers to the process of replacing one trustee with another while maintaining the trust's existence and terms. In contrast, termination of trustee involves ending the trustee's role and potentially dissolving the trust or redistributing its assets. Each process has different legal implications and outcomes for the trust and its beneficiaries.
Describe the trustee and delegate role of congress?
In Congress, the trustee will vote according to their own political beliefs. The delegate, however, acts on behalf of the voters and votes in the manner indicated by them, regardless of whether it is what they personally want.
What does a vote of not voting mean?
If you vote you vote and if you do not vote then you do not vote
What does ATF mean on a bank statement?
Could be "as trustee for"
What does TTEE mean?
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.
What is substitution of trustee?
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.
What is the possessive form of trustee?
The possessive form of "trustee" is "trustee's." For example, "The trustee's decision was final."
What does Tr. mean at the end of a last name?
It generally means "Trustee".
What does TTEE mean of a bank account?
TTEE is standard abbreviation for TRUSTEE.
