The meaning of TRUSTEE is a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization). How to use trustee in a sentence.
acting in a fiduciary capacity, must still act in the best interest of the estate, and the beneficiary and should not enter into any purchase agreements that could hurt the long-term viability of trust accounts. The trustee has the power to pull out of any agreement...
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Learn about thedifference between a beneficiary and trustee. Removing trust beneficiary with power of appointment You can remove a trust beneficiary by changing the terms of the trust document.The trustee can remove a beneficiary only if they have been explicitly granted the right, or power of app...
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who is also called a trustor; the lender; and the trustee, who holds legal title to the property. The trustee is usually a title or escrow company. The lender in a deed of trust may be referred to as the "beneficiary" because the trustee holds title to the land in trust for the ben...
Whatever the case, we work to enforce beneficiary rights. If this sounds like something that you’re experiencing, call us at Hackard Law: 916-313-3030. We want to hear your story. Hackard Law: Attorneys Making a DifferenceCategories Abused Beneficiaries Catastrophic Injury Celebrity Estate ...
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A nominated trustee may also take action for the trusteeship but not formally accept it. For example, they may look into thetrust propertyfurther to ensure legal adherence and liability or act to preserve the trust property if the nominated individual sends the rejection to a qualifiedbeneficiary....
In order to achieve this goal an important part of the legislation is devoted to the reporting duties imposed on the different 'players' in a trust - settlor, trustee and beneficiary. In the course of the month of December 2007, ... W G. - 《Cornell Hotel & Restaurant Administration Quar...