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I am the trustee of a trust account and need to know how to fill out a release form for those receiving money from the trust. Answer You may want to have an accountant or lawyer review it with you the first time. Your local banker may also help you for free. ...
Pursuant to theTexas Trust Fund Statute, a contractor is a “trustee” of construction funds it receives from the homeowner and is required to use those funds to pay its subcontractors/suppliers. The contractor’s failure to use project funds to pay project related costs is a direct violation ...
3. Appoint the Trustee(s). The Trustee(s) is the shadow of the Church and at the heart of the Church governance and administration. A person qualified to be appointed a Trustee must not be less than 18 years of age; or of unsound mind; or undischarged bankrupt; or convicted of an of...
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Breach of trust refers to any type of intentional or negligent, self-serving, erroneous, or retaliatory conduct committed by the trustee of a trust, resulting
Sometimes, it is very difficult to have a business partner because there can be misunderstandings about running the business. If you would like to sue your business partner because he does not seem to fulfill his jobs well, this article is right for you....
A trustee is paid for their services and reimbursed for any out-of-pocket expenses related to trust management Trustee fees may be a fixed amount, an hourly rate, or a percentage of the trust assets The court can help determine trustee fees, including what counts as “reasonable compensation,...
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Apply to terminate the trust due to lack of sufficient trust property. If the trust has less than $50,000 in assets, the trustee may sue to terminate a trust under the theory that the value of the trust property does not justify the expense of maintaining the trust. ...