Topic: Trustee Responsibility
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Answers to Common Questions
What is the responsibility of a trustee in a living trust?
The responsibilities of any trustee are set forth in the trust instrument. A trust should always be drafted by an attorney who specializes in trust law and tax law and who will set the provisions of the trust to meet the needs of the trusto... Read More »
Source: http://wiki.answers.com/Q/What_is_the_responsibility_of_a_trustee...
What are the responsibilities of a trustee for non-profit hospita...
Answer The trustees are bound by the trust byelaws filed with the charity commissioner and are suppose to function as per the prevailing public trust act of the concern state. Read More »
Source: http://wiki.answers.com/Q/What_are_the_responsibilities_of_a_trus...
What is the responsibility of a trustee if the parent is still li...
Answer I D'NT KNOW Read More »
Source: http://wiki.answers.com/Q/What_is_the_responsibility_of_a_trustee...
More Common Questions
Answers to Other Common Questions
The law requires the debtor to cooperate with the trustee in the administration of a chapter 7 case, including the collection by the trustee of the debtor's nonexempt property. If the debtor does not cooperate with the trustee, the chapter ...
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Source: http://www.querycat.com/question/240fb74e1983cded99945bf7ab8b6be5
They are define in the trust document, and their is no universal statement for ALL trusts. Look over the trust document, and then if their is a violation, you can remove the trustee. It is better to have them consent to go away, rather than...
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Source: http://en.allexperts.com/q/Trusts-Estates-Law-933/Trustee-Respons...
Was Probate begun and was the lawsuit / claim filed within 4 months of publication? One of the advantages of Probate in Michigan is a short statute of limitations (the Trust mills never talk about how this works!) Is there a possibility tha...
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Source: http://www.avvo.com/legal-answers/lawsuit-against-estate-after-pe...
The income and property of the charity must be used or applied for the purposes set out in the governing document and for no other purpose, and must be applied (including where the application is by way of providing services) fairly between...
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Source: http://www.querycat.com/question/240fb74e1983cded99945bf7ab8b6be5
I think the legal representative of the estate or appointed legal representative of the family is responsible to watch the trustee of a trust.
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Source: http://aolanswers.com/questions/trust_1868199267413
Both answers depend on what organization it is.
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Source: http://answers.yahoo.com/question/index?qid=20070516092549AAILrvr
*If* the estate had $600 or more in income, the estate will file a 1041 and yes, the 1041 shows disbursements. If the disbursements are more than the income, the 1041 will pass through all of the income *and* the tax obligations on the 1041...
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Source: http://answers.yahoo.com/question/index?qid=20090517204642AAJl8eK
