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How do beneficiaries get a report from the trustee?
In writing, ask the trustee for a full accounting of the trust's activity. By law you are entitled to these documents from the trustee when requested.
How to sign as trustee?
_________________ [signature line] John Doe, Trustee of the Biff Doe Trust.
What if I did not sign the tax refund checks that I gave to the trustee?
Verify that they were actually deposited. For me, I would make copies of the signed checks before handing them over to anyone. Hopefully the trustee will send you both the copies of the checks and a copy of the deposit receipt.
Can you roll over a 401K to a Roth Ira without paying taxes?
Yes. But it is much better and no taxes will be withheld if you have the trustee do a direct transfer from the 401K trustee to the IRA trustee and you do not receive any of the funds in your hand.
How do you obtain an accounting of your trust from the trustee?
The beneficiaries should request it in writing. A trustee should always be willing to provide an account and it should be easy if they are keeping good records. If the trustee doesn't respond in a timely manner then you should file a complaint with the court. A trustee who doesn't perform their legal duties properly should be replaced. The court can remove and replace a trustee.The beneficiaries should request it in writing. A trustee should always be willing to provide an account and it should be easy if they are keeping good records. If the trustee doesn't respond in a timely manner then you should file a complaint with the court. A trustee who doesn't perform their legal duties properly should be replaced. The court can remove and replace a trustee.The beneficiaries should request it in writing. A trustee should always be willing to provide an account and it should be easy if they are keeping good records. If the trustee doesn't respond in a timely manner then you should file a complaint with the court. A trustee who doesn't perform their legal duties properly should be replaced. The court can remove and replace a trustee.The beneficiaries should request it in writing. A trustee should always be willing to provide an account and it should be easy if they are keeping good records. If the trustee doesn't respond in a timely manner then you should file a complaint with the court. A trustee who doesn't perform their legal duties properly should be replaced. The court can remove and replace a trustee.
Why must the trustee of an irrevocable insurance trust make the premium payment?
As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.
Can a trustee cash an insurance check that is made out to the trustee or trust?
Yes. That is the purpose of having a trust. The trustee has the authority to manage the trust property. That includes cashing a check that has the trust as the payee. If the trustee could not cash that check then it could not be cashed at all.You need to review the document that created the trust to determine the extent of the trustees powers.Yes. That is the purpose of having a trust. The trustee has the authority to manage the trust property. That includes cashing a check that has the trust as the payee. If the trustee could not cash that check then it could not be cashed at all.You need to review the document that created the trust to determine the extent of the trustees powers.Yes. That is the purpose of having a trust. The trustee has the authority to manage the trust property. That includes cashing a check that has the trust as the payee. If the trustee could not cash that check then it could not be cashed at all.You need to review the document that created the trust to determine the extent of the trustees powers.Yes. That is the purpose of having a trust. The trustee has the authority to manage the trust property. That includes cashing a check that has the trust as the payee. If the trustee could not cash that check then it could not be cashed at all.You need to review the document that created the trust to determine the extent of the trustees powers.
Can a trustee make investment decisions in an irrevocable trust in contest?
A trustee has only the powers set forth in the trust. You must review the trust document to determine what the trustee can do.
Can you make a partial payment to the chapter 13 trustee?
You should check with your c 13 trustee. In general you can make a partial payment, but if the next payment is also a partial payment, or if you do not make up the difference, the trustee will file a motion to dismiss your case. It is always a good idea to let the trustee's office know your next payment will be short and why, and when you expect to get caught up. If you will not be able to continue the c. 13 payments as set forth in the plan, you may be able to end your c. 13 early or convert to a c 7. Consult your bankruptcy lawyer.
How can a home in a trust be removed by a trustor and put in the Trustor and Trustee name?
You need to review the terms of the particular trust. Each trust is unique and contains all the provisions of the trust and all the powers of the trustee. You need to check to see if the trustee has the power to execute a deed to transfer the real estate.You need to review the terms of the particular trust. Each trust is unique and contains all the provisions of the trust and all the powers of the trustee. You need to check to see if the trustee has the power to execute a deed to transfer the real estate.You need to review the terms of the particular trust. Each trust is unique and contains all the provisions of the trust and all the powers of the trustee. You need to check to see if the trustee has the power to execute a deed to transfer the real estate.You need to review the terms of the particular trust. Each trust is unique and contains all the provisions of the trust and all the powers of the trustee. You need to check to see if the trustee has the power to execute a deed to transfer the real estate.
What if you earned less money when you filed for bankruptcy but before you get a discharge you get a raise and make a lot more than you were making?
Technically you should inform your trustee or the court that you received the raise so they can adjust the figures. I think it depends on the trustee on whether or not they continually check your financial satus.
What is the difference between a trustee and a successor trustee of an irrevocable trust?
The trustee is the person who presently has the authority to carry on the business of the trust. If the trustee dies, resigns or is for some reason unable to continue their duties then a successor trustee is appointed. A well drafted trust will name a successor trustee and a process by which successor trustees may be appointed. If the trust instrument fails to provide for the appointment of a successor trustee then a court of equity can be petitioned to make an appointment. Once appointed, the successor trustee has all the powers and duties of the original trustee.
What is the possessive form of trustee?
The possessive form of "trustee" is "trustee's." For example, "The trustee's decision was final."
Is it unusual that a check wrote to a bankruptcy court gets signed and deposited by the trustee?
That's how it's done. Its deposited by the court actually, who not have arms and legs, that type of thing, has the trustee actually do it.
Can a Government Bond Keep a Trust Safe from A Trustee using Moneys?
The trustee would still have control over the government bond and could make changes depending on the type of bond. Also, if a bond reaches maturity it will be paid over to the trustee. Remember that the trustee of a trust holds legal title to and has control over all the assets of a trust.The trustee would still have control over the government bond and could make changes depending on the type of bond. Also, if a bond reaches maturity it will be paid over to the trustee. Remember that the trustee of a trust holds legal title to and has control over all the assets of a trust.The trustee would still have control over the government bond and could make changes depending on the type of bond. Also, if a bond reaches maturity it will be paid over to the trustee. Remember that the trustee of a trust holds legal title to and has control over all the assets of a trust.The trustee would still have control over the government bond and could make changes depending on the type of bond. Also, if a bond reaches maturity it will be paid over to the trustee. Remember that the trustee of a trust holds legal title to and has control over all the assets of a trust.
How do you fix a judgment against you when the company that sued you has filed bankruptcy?
The judgment becomes an asset of the bankruptcy estate and thus the "property" of the trustee. The trustee may decide to abandon the judgment as not worth collecting, or may pursue its collection. Either call the trustee's office or check the docket and documents in the bankruptcy court. If by "fix" you mean pay, check with the trustee's office before sending any money or bank check to anyone. You may be able to settle the claim for less than the full amount. If you are uncomfortable doing it yourself, get a bankruptcy lawyer.
Can convicted felons be a trustee in Florida?
What kind of "trustee?" "Trustee" for WHAT?
