Trust deeds are an alternative to declaringbankruptcyfor people with serious debt problems. It is a voluntary agreement with the people that you owe money to (your creditors) to repay part of what you owe them. Atrust deedcan involve transferring your valuable possessions to a trustee, so that...
A trustee is a person who oversees a trust while it holds assets. The main responsibilities of a trustee include following...
What is a trust?A trust is created when a person (the settlor) transfers assets to a third party (the trustee) to be administered for the benefit of persons chosen by the settlor (the beneficiaries).It is the transfer of legal title of property to the trustee to be held and ...
What is a trustee of a trust?A trustee is the person who is granted the legal title of some property, meaning that the trustee is responsible for managing and controlling the property for the benefit of another. That other person, known as the beneficiary, owns the equitable title and is ...
A trustee is an individual or entity with a fiduciary role who’s appointed to manage property for the benefit of a third party.
Top Get helpful tips and info from our newsletter!
A trustee deed is one that conveys the title to foreclosed real estate either to the high bidder at an auction or to the lender...
In this article, the authors consider the law on the exclusion of trustee duties and the exemption of trustee liability for breaches of trust. In New Zealand, the topic is not one that has attracted significant judicial attention to date. It is one, however, that is likely to receive ...
A trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee may be appointed for various purposes, such as in the case of bankruptcy, certain types of retirement plans or pensions, or to manage assets for someone like a minor....
A borrower, otherwise known as atrustor. This is the person who establishes a trust. Atrustee, a third party charged with holding the entrusted property until a loan or debt is paid for in full. In a real estate transaction—the purchase of a home, say—alendergives the borrower money ...