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4 Aug 2014, 6:38 pm
”It should be noted that section 96 of the Trustee Act does allow the court to relieve a trustee from personal liability for a breach of trust if the trustee “has acted honestly and reasonably, and ought fairly to be excused for the breach of trust and for omitting to obtain the directions of the court in the matter in which the trustee committed the breach,” and as happened in Fales, the court may use this provision to relieve a… [read post]
27 Sep 2011, 2:58 pm
Tolz had been a member of the panel of Chapter 7 trustees for the US Bankruptcy Court, Southern District of Florida, for more than 20 years. [read post]
17 Dec 2020, 11:47 am
The trustee must still follow the terms of the Trust, but Trustees have greater authority to use their discretion in administering the Trust without seeking approval of the court prior to making distributions. [read post]
26 Jul 2011, 12:01 pm
Families often do not want to see their assets being consumed in part by the fees of an institutional trustee (notwithstanding some of the advantages to using one), and so often a family member is named as trustee. [read post]
26 Sep 2018, 3:35 pm
” This idiom can commonly be used in the litigation context. [read post]
17 Aug 2009, 7:25 am
Other Trustee's do not need to sign the paperwork, if you are using a properly drafted NFA trust that authorized any Trustee to make the purchase without consent of the other trustees. [read post]
8 Jun 2009, 12:11 pm
The Trustee is using the conventional method of calculating damages... [read post]
18 May 2014, 11:06 am
Such a power may not be used to divert one beneficiary’s interest to another beneficiary without breach of fiduciary duty. [read post]
18 May 2014, 11:06 am
Such a power may not be used to divert one beneficiary’s interest to another beneficiary without breach of fiduciary duty. [read post]
27 Mar 2022, 12:27 pm
If you have any questions or concerns, please feel free to schedule an appointment with us. [read post]
1 Sep 2023, 6:17 am
When appointing a person to administer your trust, you may assume that a family member would be less expensive than using a professional trustee or executor. [read post]
26 Jan 2017, 4:00 am
A fiduciary duty means the Trustee must use even more care than he/she would with his own assets and investments. [read post]
15 Feb 2019, 7:00 am
Also, using that accounting, you can start doing discovery, issuing subpoenas, getting bank records, getting financial statements, getting records from escrow companies. [read post]
3 Apr 2024, 5:29 am
The FSCA will monitor completion of the TTK, by the deadlines above for existing trustees and may take regulatory action where there is a lack of compliance by trustees. [read post]
16 Sep 2010, 12:27 pm
I think, ever since the hearings for Chapter 13 debtors in Appleton and Oshkosh got moved to Wittman Airport, people have been using the hearing location as a reason to question the legitimacy of the trustee. [read post]
21 Apr 2010, 7:14 am
The US Trustee (UST) is an officer of the Justice Department. [read post]
18 Sep 2014, 9:51 am
If you have questions regarding family wealth trusts, or any other trust or estate planning needs, please contact Anderson, Dorn & Rader, Ltd., either online or by calling us at (775) 823-9455. [read post]
1 Jan 2022, 7:35 am
Additionally, the successor trustee cannot use any of the trust’s accounts or property for the trustee’s own benefit or for any purpose not expressly listed in the trust. [read post]
19 Jan 2011, 6:46 am
Even if Ted is a named beneficiary upon Sam’s death, Ted should not use any of the trust funds for his own purposes. [read post]
10 Mar 2023, 9:53 am
To schedule a free, no-obligation consultation with one of our trusted attorneys, give us a call today at (303) 800-1588. [read post]
