Trustee Powers at Legal Glossary What is it? The provisions in a trust document defining what the trustee may and may not do.
Law Definition Added By: Brooke
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Trustee - The person or institution that manages the property put in trust.
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Trustee definition:
A person who holds property rights for the benefit of another.
Related Terms: Executor, Trust, Beneficiary, Donor, Personal Representative
In Smith v Andrews, Master Jessels used these words: ...
Trustee in Bankruptcy
When a person is declared bankrupt a trustee in bankruptcy is given control of all of the bankrupt's assets. The trustee must collect all of these assets and sell them.
Trustee In Bankruptcy
(n) Trustee in bankruptcy is defined as the person appointed by a bankruptcy court to assess, hold, manage the property and affairs of the bankrupted person and to report to the Court.
Trustee: A person named to manage property for the benefit of the beneficiary.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z ...
Joint Trustees: Two or more persons who are entrusted with property for the benefit of one or more others.
CO-TRUSTEE - A person or entity who serves jointly with another person or entity in carrying out the terms of a trust.
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Trust funds: Accounts run by the Treasury Department that take in payments to the Social Security system, pay benefits and administer the program.
Trustees: The board of four government officials and two citizen representatives that manages ...
Trustee de Son Tort:
A trustee "of his own wrong"; a person who is not a regularly appointed trustee but because of his or her intermeddling with the trust and the exercise of some control over the trust property, ...
Trustee - The person or institution that manages the property put in trust.
Truth in lending - Statutes which provide that precise and meaningful cost of credit information be provided to the credit customer.
Trustee
This is a person who holds property and looks after it on behalf of someone else. The person who holds property rights for the benefit of another through the legal mechanism of the trust.
TRUSTEE The person who holds the responsibility to manage the trust's assets and income for the benefit of the beneficiaries.
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UNTENANTABLE The condition of leased premises that are not fit or occupation or rental.
Trustee
A duly authorized agent or fiduciary who holds title to property for the benefit of another person; the administrator of a trust.
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TRUSTEE PROCESS, practice. In Massacchusetts, this is a process given by statute, in imitation of the foreign attachment of the English law.
Term: Trustee
Definition: A duly authorized agent or fiduciary who holds title to property for the benefit of another person; the administrator of a trust.
trustee
n. a person or entity who holds the assets (corpus) of a trustee for the benefit of the beneficiaries and manages the trust and its assets under the terms of the trust stated in the declaration of trust which created it.
Trustee's Deed
All-Inclusive Deed of Trust
Trustee's Sale (business term)
Conveyance (in banking) ...
The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.
United States trustee
Definition - Noun
: a person appointed and supervised by the Attorney General who has various administrative responsibilities in bankruptcy cases in the region encompassing one or more federal judicial districts to which he or ...
testamentary trustee In probate, a person appointed as trustee in a person's will, or a person appointed by the court to serve as a trustee of a trust created by a will.
Substitute of Trustee
A document which is recorded to change the trustee under the deed of trust.
Tax Lien
Lien for nonpayment of taxes.
Public Guardian & Trustee
Protecting mentally incapable people
Power of Attorney
On charities
More ...
TOP Settlor : The person who actually creates a trust by donating property to be managed and administered by a trustee but from which all profits would go to a beneficiary. The law books of some countries refer to this person as a "donor.
Massachusetts trust A unique way to organize a business where the property is bought by, or transferred to, a trustee (such as a trust company) and the trustee issues trust "units", which the investors, or their designates, ...
Trust Property given by a person called the donor or settlor, to a trustee, for the benefit of another person (the beneficiary or donee).
Every trust has at least five "identities": (1) a grantor (sometimes called the trustor) who creates the trust initially, (2) a trustee into whose care and keeping the property of the trust is committed, ...
The right of presentation may be exercised by its owner whether he be an infant, executors, trustees, coparceners (who, if they cannot agree, present in turn in order of age) or mortgagee (who must present the nominee of the mortgagor), ...
Trust: Property given by a donor or settlor to a trustee, for the benefit of another person (the beneficiary or donee). A trustee manages and administers the property.
Reclamation - A term used in bankruptcy to denote a right or proceeding on the part of a person having title to property to recover the same when it is in possession of the bankrupt, debtor, receiver or trustee.
Three parties are ordinarily needed for the relation to arise: the settlor, who bequeaths or deeds the property for another's benefit; the trustee, in whose hands the control of the property is vested and who receives a fee fixed by law; ...
The legal effect is to divert most of the debtor's assets and debts to the administration of a third person, sometimes called a "trustee in bankruptcy", from which outstanding debts are paid pro rata.
An accumulation trust is a trust in which the trustee does not distribute the income from the trust, ...
fiduciary - A person who has assumed a special relationship to another person or another person's property, such as a trustee, administrator, executor, lawyer, or guardian.
Support trust - A trust that instructs the trustee to spend only as much income and principal (the assets held in the trust) as needed for the beneficiary's support.
Delegatus. Latin. A person chosen or commissioned: a deputy, agent, representative, trustee.
Delegata. Deputied, empowered, entrusted.
 See also: Trust, Law, Person, Court, Information
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