→ Find out whether or not a trustee can sell trust property Trust funds may be distributed to atrust's beneficiariesall at once or over time, which means the trustee may need to keep managing the assets. The trustee might be paid for their services, but they should not take, borrow, or...
Corporate Trust: How far can a Bond Trustee or a Security Trustee Rely on a Legal Opinion? The English Courts Have Given Helpful Guidance.Ed Marlow
Atrusteeis the person or company that manages the trust, maintains trust assets, and distributes them according to the terms set by the grantor (also known as the settlor). The trustee has a legal obligation, orfiduciaryduty, to act in the trust's best interest according to the terms of...
英语翻译a trust is a division of the bundle of rights in property in property in anunusual way.first,the management of the property is separted from the benifit of the property.the property is managed by a trustee,who usually has the authority to invest
Who can serve as the trustee of a trust?Generally, anyone who has the capacity to own and transfer property can act as a trustee, which means that the person must generally be competent and of legal age. Individual states may have their own rules about non-persons, such as companies, ...
anytime, but the grantor/borrower does not. A trustee in a deed of trust can be any entity with the legal capacity to transfer or hold real property. If the trustee is a corporation, it must have authorization to act in this capacity in Texas. Texas allows beneficiaries to serve as ...
Yes, but be aware that a co-trustee can be held responsible for another co-trustee’s breach of a fiduciary duty. Thus, it is important that all co-trustees pay close attention to everything that is done in the administration of the trust. A...
Living trusts can and often do purchase real property, including houses. A living trust is created during a person's lifetime and assigns a trustee the responsibility of managing assets in the trust for the benefit of beneficiaries. Many people create a living trust as a way to avoid probate...
Over the last couple of years, the Windows operating systemhas implemented a growing number of user notifications before a file is executed, ranging from messages confirming theexecution of downloaded applications to alerts for files that are not digitally signed. An increasing number of developers ar...
A trusteeis any type of person or organization that holds the legal title of an asset or group of assets for another person, referred to as the beneficiary. A trustee is granted this type of legal title through a trust, which is an agreement between two consenting parties. ...