Trustee is a legal term which, in its broadest sense, can refer to any person who
holds property, authority, or a position of trust or responsibility for the benefit of ...
Understanding the Duties and Responsibilities of a Trustee and what you will
need to do at the grantor's incapacity and death.
Terms: Trustee: The trustee is the person or entity (e.g., a bank or other
corporation) who holds legal title to the trust property. Res/trust property: The
Jun 21, 2013 ... Except in rare cases, the personal representative has a short-term responsibility.
“That job usually lasts about a year,” Bjerken says. A trustee's ...
Trustee - An individual or bank or trust company that holds legal title to property
for the ... It is the fiduciary's responsibility to take control of (marshal) all assets ...
As trustee, you are responsible for the trust's assets. But you can absolutely get
expert help along the way -- and you should in many cases. You can use trust ...
The trustee acts as the legal owner of trust assets, and is responsible for handling
any of the assets held in trust, tax filings for the trust, and distributing the assets ...
Duties and Responsibilities of a Trustee. The Family Advisor: Trustee Orientation
by Curtis W. Meadows as published in Family Matters, Fall 1996. It should ...
Additionally, if a trustee wishes to delegate responsibilities to others who have
specialized skills, the trustee must monitor the person delegated with such ...
If you are a living trust trustee, co-trustee or successor trustee of a living trust, you
have certain duties and responsibilities. I find that many people don't really ...