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A custodian is always a person; one who has charge of something (a caretaker) of a minor child's estate or an absentee landlord's property. The custodian does not hold title to the property. A trustee is often an institution such as a bank, that holds legal title to a property in order to administer it for a beneficiary, or can be a member of a board elected or appointed to direct the funds and policy of an institution. [source: this information reprinted from Answers.Com]
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What are the similarities and differences between a company limited by guarantee and incorporated trustee?
what is an incorporated trustees
Who is considered as the custodian of Lok Sabha?
the speaker
Who is the custodian of monetary reserves in India?
RBI
What is the difference between khadi and handloom?
what is the difference between khadi and handloom
What is the difference between tally and fact?
difference between tally & fact ?
What is the difference between and IRA trustee and an IRA Custodian?
Custodian has passive control vs. a trustee who can invest, funds etc.
Is there a difference between a janitor and a custodian?
No
What is the difference between the trustee and the fiduciary of a trust?
fiduciary and trustee
What is the difference between the trustee and the royal colony?
royal-run by governor trustee-run by trustee
Can a custodian's power of attorney transact on behalf of the minor on an ugtma?
If the custodian is the custodian or successor of the UGTMA in the event of the custodians death - yes by definition that is the custodians responsibility. If the custodian is, for example, the custodian of the estate of the adult who had custodial control of the UGTMA account the situation is different. A successor trustee is normally required when setting up the custodial account. If so, that successor custodian as named in the UGTMA account would have those powers. In this example, if the successor custodian is different on the UGTMA account than the custodian or trustee of the estate, the UGTMA account successor custodian would take precedence. Remember, the assets are in the minors estate not the custodians.
What is the difference between a trustee colony and a royal colony?
A Royal Colony is when they are under the king control. A Trustee Colony is when they are just workers for the king.
What is difference between custodian and housekeeping?
A housekeeper generally does the cleaning in a facility or building. A custodian may have duties that include security; opening and locking a building at designated times. There are many examples where a custodian also does the job of housekeepers. It all depends on the building or facility in question.
What are individual trusts?
Individual trusts act in several capacities including executor, administrator, trustee, guardian, conservator, custodian, and conservator in lunacy
What is the difference between a delegate and a trustee?
A trustee is the one who is not going to consult public opinion polls or go along with what polls say. A delegate feels that they constituents are the boss and should be obeyed.
What is the difference between a janitor and a custodian?
a maintenance worker usually requires more training such as electrician, plumbing or HVAC
What is the difference between a trustee and a successor trustee of an irrevocable trust?
The trustee is the person who presently has the authority to carry on the business of the trust. If the trustee dies, resigns or is for some reason unable to continue their duties then a successor trustee is appointed. A well drafted trust will name a successor trustee and a process by which successor trustees may be appointed. If the trust instrument fails to provide for the appointment of a successor trustee then a court of equity can be petitioned to make an appointment. Once appointed, the successor trustee has all the powers and duties of the original trustee.
What is the difference between a trustee and an agent on a trust?
A trustee is a person or entity appointed to manage and administer a trust on behalf of the beneficiaries, while an agent is someone authorized to act on behalf of a trustee in specific circumstances. Trustees have a fiduciary duty to act in the best interests of the beneficiaries, while agents act on behalf of the trustee and must follow the trustee's instructions.
