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What is a trust successor?
A trust successor, often referred to as a successor trustee, is an individual or entity designated to manage and administer a trust after the original trustee is unable or unwilling to fulfill their duties, typically due to death, incapacity, or resignation. The successor trustee steps in to ensure that the trust's assets are managed according to the terms set forth in the trust document, distributing assets to beneficiaries and handling any related administrative tasks. This role is crucial for maintaining the continuity and integrity of the trust's intentions.
Who is the successor company to the Knights Life Insurance Company of America?
American General
Is their another definition for benefiting?
Another definition as opposed to what definition?
What is the definition of business landscape?
What is the definition of business landscape?
Can an executor sign over executor-ship over to someone else?
No. The executor would need to file a resignation with the court and the court will appoint a successor.
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.
How many custodians can you have in a utma account is NJ?
In New Jersey, a Uniform Transfers to Minors Act (UTMA) account can have only one custodian at a time, who manages the assets until the child reaches the age of majority. However, a custodian can designate a successor custodian in case they are unable to continue managing the account. There are no limits on the number of successors, but only one custodian may manage the account at any given time.
What is definition of isaoa atima?
Its Successor And/Or Assigns, As Their Interest May Appear
What is 71?
According to Peano's axiomatic definition for integers, it is the successor of 70.
What makes 101 greater than 100?
The concept of successor in the definition of the set of integers.
What is the General term for janitor?
Janitor. Or custodian.
When was The Custodian created?
The Custodian was created in 1993.
What is the definition of a caliph?
Caliph refers to a Muslim civil and religious ruler, widely viewed as the successor of Muhammad.
What do you call a person who guards our house?
A guardian or protector. This was the original definition of "custodian" before the modern janitorial connotation.
Upon change of custodian the outgoing custodian must conduct a joint inventory with whom?
Incoming Custodian
Who is the custodian of contingency fund of India?
President is the custodian
What are the responsibilities of the records custodian?
what are the responsibilities of the Records Custodian
