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A corporate trustee is exactly what the term implies: A trustee that is a corporation rather than a person. Although it will vary from state to state depending on that state's laws, a trustee may be any type of recognized legal entity such as a person or corporation. Sometimes corporations such as banks are made trustees of large trusts to take advantage of their expertise in investing and handling assets. Such a trustee will be referred to as a corporate trustee.
What else can I help you with?
Someone entrusted to look after a business?
trustee:)
Can a Registered Representative be a trustee of a irrevocable trust?
yes
What does Corporate Express mean?
Corporate Express is a branch of Staples Office Supplies for corporate groups. They can order and have their supplies delivered quickly at a corporate rate.
What is the corporate charter number?
what is the corporate charter number
What is the adjective form of corporation?
The adjective form of "corporation" is "corporate." It is used to describe anything related to or characteristic of a corporation, such as corporate culture, corporate governance, or corporate responsibility.
in a corporate baptist church can deacon also serve as a trustee?
Q: In a corporate baptist church can deacon also serve as a trustee?
In corporate law is trustee for debenture holder also known as a guarantor?
No, trustee is different from a guarantor.
Who signs a final corporate tax return?
Depends...frequently the trustee or acting offocers.
What is the possessive form of trustee?
The possessive form of "trustee" is "trustee's." For example, "The trustee's decision was final."
If a trust is divided upon death of trustee and split into 3 separate trusts and one of the 3 new trustees has already died what happens to that trust?
It depends upon the terms of the trust and the state law governing the trust. The trust document may explicitly say what happens when a trustee dies (or cannot server). For example, a specific individual may be named as a successor trustee, or a corporate trustee, or perhaps the current beneficaries may by majority vote appoint a new trustee. Failing that the appropriate court could appoint a successor trustee. But you should seek legal counsel.
Why must the trustee of an irrevocable insurance trust make the premium payment?
As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.
How do you remove an appointed trustee from the board of trustee?
What is a life of Trustee.
Can convicted felons be a trustee in Florida?
What kind of "trustee?" "Trustee" for WHAT?
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 difference between the trustee and the royal colony?
royal-run by governor trustee-run by trustee
Is a trustee required to use 'trustee' as a part of his signature?
Yes. A trustee must always declare that she is signing a document in her capacity as a trustee. If not, the validity of the document will be compromised by signing as an individual with no reference to her office as trustee.
Can the same person be both the beneficiary and the trustee of a blind trust?
No. The trustee has full control over the assets in the trust. In a 'blind trust' the trustee must be completely independent. If the beneficiary is the trustee then the trustee is not completely independent.
