Who Is a Successor Trustee?
A successor trustee is someone assigned to manage and take care of one's assets after they are no longer able to do so (most commonly due to death or serious illness).
Search Results for "trustee"
What Is a Revocable Living Trust?
A Revocable Living Trust, also known as the Family trust or the Living trust is a legal document that holds ownership to your properties and assets. It is a written agreement that gives someone the responsibility to manage properties for the benefit of others. In order for the revocable trust to...
What Is an Inter Vivos Trust?
A trust is a means of transferring property—whether it is tangible or intangible— or funds from one party to another. An inter vivos trust, which is also known as a living revocable trust, is one that can be changed or revoked by the grantor of the trust during his or her lifetime. There are 3...
What Is a Revocable Trust?
A trust is a means of transferring property—whether it is tangible or intangible— or funds from one party to another. A revocable trust, which is also known as a living revocable trust, is one that can be changed or revoked by the grantor of the trust. There are 3 individuals or entities involved...
What Is a Corporate Fiduciary?
Corporations may make use of institutions as executor, trustee, or administrator in order to manage their financial assets in a fiduciary manner. These institutions are therefore referred to as corporate fiduciaries or singularly known as corporate fiduciary. Institutions or organizations are...
What Are Trust Assets?
A trust is a means of transferring property—whether it is tangible or intangible— or funds from one party to another. It is a legal tool that allows transition of ownership through a third party, who manages the estate until such time that the original owner wishes to pass on the property...
What Is a Trust Agreement?
A trust is a means of transferring property—whether it is tangible or intangible— or funds from one party to another. It is a legal tool that allows transition of ownership through a third party, who manages the estate until such time that the original owner wishes to pass on the property...
What Are Bankruptcy Proceedings?
Bankruptcy is an option usually considered when a person or a business entity cannot afford to pay their debts. Although many people refuse to agree or acknowledge bankruptcy orders because of the bad stigma it brings, it can still be made without the consent of the business or individual involved....
What Is a Bankruptcy Estate?
When an individual or company files for bankruptcy in court, a bankruptcy estate is formed, which secures all the debtor's assets for the purpose of covering their outstanding debts.
What Is a Trust?
A trust is a means of transferring property—whether it is tangible or intangible— or funds from one party to another. It is a legal tool that allows transition of ownership through a third party, who manages the estate until such time that the original owner wishes to pass on the property to another...
