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.
The death of a trustee under a living trust means the successor trustee, also named in the living trust, assumes the trustee’s duties. Since the trustee holds legal title to trust property, the property is held in the trustee's name. As a result, the successor trustee must prepare the ...
Living Trust Appoints a Successor Trustee to Handle Property
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In many "living trusts" the creator of the trust (trustor, settlor) names himself/herself (or themselves) as the original trustee who will manage the trust until his/her death when it is taken over by a successor trustee. In some trusts, such as a "charitable remainder unitrust," the ...
View in context The old man told me he had not been in the Brazils for about nine years; but that he could assure me that when he came away my partner was living, but the trustees whom I had joined with him to take cognisance of my part were both dead: that, however, he believe...
The trustee plays a crucial role in the management and distribution of a trust. Find out what the trustee's responsibilities are and how to choose one.
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
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A trustee is thus responsible for properly managing all property and other assets placed in the trust for the beneficiaries. A trustee's specific duties are unique to the trust agreement and are dictated by the type of assets held in the trust. For instance, if a trust holds various rental...