A trustee is someone that people have placed their trust in. Usually this means that a person is responsible for money or financial instruments on behalf of someone else. Often a minor, who is not able to contract, will have a trustee that maintains a trust for that minor. A trust is a set of funds, investments and/or property that they must track and report on with full accountability.
Briefly, a trustee is someone who holds legal title to property in trust for another. They owe a duty to the beneficiary of the trust and must carry out their duty in accordance with the provisions of the trust instrument. A trustee in bankruptcy is an officer appointed by the court to collect the assets of the debtor and who can sell the debtor's property under the supervision of the court.
representations and WARRANTIES
Fiduciary is essentially a trustee. It relates to the relationship between a trustee and a beneficiary when a trust is involved.
A corporate trustee is exactly what the term implies: A trustee that is a corporation rather than a person. Although it will vary from state to state depending on that state's laws, a trustee may be any type of recognized legal entity such as a person or corporation. Sometimes corporations such as banks are made trustees of large trusts to take advantage of their expertise in investing and handling assets. Such a trustee will be referred to as a corporate trustee.
As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.
That means the grantee is a trustee who is holding title to the property for the benefit of the beneficiaries of a trust. They do not own the property as an individual.That means the grantee is a trustee who is holding title to the property for the benefit of the beneficiaries of a trust. They do not own the property as an individual.That means the grantee is a trustee who is holding title to the property for the benefit of the beneficiaries of a trust. They do not own the property as an individual.That means the grantee is a trustee who is holding title to the property for the benefit of the beneficiaries of a trust. They do not own the property as an individual.
NPOC is short hand for "no proof of claim filed." The Z may be a term assigned by the Trustee, so you should call the trustee's office and ask what it means.
What kind of "trustee?" "Trustee" for WHAT?
What is a life of Trustee.
They most certainly may not! The entire purpose of the trust is to prevent the beneficiary from controlling the trust. The responsibility lies with the trustee to maintain the trust as it was set up. Actually, it depends on what kind of a trust is involved. For example, a Land Trust is beneficiary driven....meaning the beneficiary tells the Trustee what to do by letter of direction. Most all other types of trusts are Trustee driven and decisions are made by the Trustee. Randy Hughes
trustee's
Syncope is the medical term meaning fainting.
Anacusis is the medical term meaning complete deafness.
No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.No. Not unless the power to reinstate herself as trustee was granted in the trust instrument. Generally, once a successor trustee is appointed the former trustee has no powers.