CWT has entered into a definitive agreement (the «Agreement») to appoint Computershare Trust Company of Canada (Computershare) as
successor trustee or custodian for clients who currently hold exempt market securities within a CWT self - directed account.
The Trustee may at any time resign as Trustee by written notice of its election so to do, delivered to the Sponsor, and such resignation shall take effect upon the appointment of
a successor trustee and its acceptance of such appointment.
The surviving entity from such a transaction shall be the successor of the Trustee without the execution or filing of any document or any further act; however, during the 90 - day period following the effectiveness of such transaction, the Sponsor may, by written notice to the Trustee, remove the Trustee and designate
a successor trustee.
The Trustee and
any successor trustee must have, at all times, an aggregate capital, surplus, and undivided profits of at least $ -LSB--RSB- million.
Under such circumstances, the Sponsor, acting on behalf of the Shareholders, may remove the Trustee by written notice delivered to the Trustee and such removal shall take effect upon the appointment of
a successor trustee and its acceptance of such appointment.
If the Trustee resigns and
no successor trustee is appointed within 60 days after the date the Trustee issues its notice of resignation, the Trustee will terminate and liquidate the Trust and distribute its remaining assets.
• 60 days have elapsed since the Trustee notified the Sponsor of the Trustee's election to resign and
a successor trustee has not been appointed and accepted its appointment;
The Successor Trustee, who you've picked during your lifetime, steps in and manages the assets and distributes them according to what the document says, without obtaining a Court Order, in order for them to pass according to your wishes.
So, in the event of if you were to become incapacitated during your lifetime,
the Successor Trustee can step in and administer the assets for your benefit, and make sure they are available for your support.
If you didn't have
a Successor Trustee, you would likely need to get a Power of Attorney to manage the assets for your benefit, or a Conservator or Guardian; but because you have a Trust in place, all of the assets are owned by the Trust and the Successor Trustee can step in and administer them for your benefit, as if you were able to administer them yourself.
Instead, the trust becomes irrevocable after the grantor dies, and
the successor trustee appointed in the trust document distributes the property according to the terms of the trust.
You name yourself as trustee and someone else as
a successor trustee.
During your lifetime you can name yourself trustee with First Bank & Trust being named as
successor trustee to take control and administer your trust after your death.
Successor Trustee: Person or institution named in the trust document who will take over should the first trustee die, resign or otherwise become unable to act.
Get a Revocable TRUST, Trustees and
Successor Trustees have automatic legal authority and the ability to convey title (requirements to exercise the Non-Borrowing Spouse Option).
It's also a good idea to appoint
a successor trustee, in case something happens to your first trustee.
You may need to provide a copy of the new title page and possibly the second page where
the successor trustee is named.
The trustee that you designate, usually it's you to start with, and then there's
a successor trustee when you pass away.
A Revocable Living Trust must first include the necessary authorization within the «Trustee Powers» section in order to allow
your Successor Trustee to manage your business affairs.
The successor trustee of the trust was able to refinance the existing reverse mortgage in order to prevent the reverse mortgage lender from foreclosing on the property.
Obtained affirmance by the Second Circuit Court of Appeals of the District Court's dismissal of quiet title action against homeowners by
a successor trustee claiming that conveyance of property by a predecessor co-trustee was void.
As I also practice estates and trusts law, I assist individuals who may find themselves in the untenable position of being
both a successor trustee and / or beneficiary of a loved one's trust and also a debtor in a bankruptcy case.
Successor trustees often lack the time, resources or knowledge to personally administer the trust, and therefore may call upon legal, accounting and investment professionals for assistance.
One of the primary tasks of an executor or
successor trustee is to ascertain and marshal the decedent's assets.
These guidelines may include the timing and method for distribution of trust assets, types of investments that can be made within the trust and naming
successor trustees.
If you were to become incapacitated, the appointed
successor trustee (that you selected) can help you manage your affairs without court intervention.
If they had decided to create a trust, they could have chosen to name the trust the primary beneficiary and named each other co - trustees with Sirius being
successor trustee.
If you designated your family living trust as such, the death benefit of your cash value life insurance policy will flow into the trust and
your successor trustee will have the obligation to manage it and utilize the tools provided in your living trust for the maximum benefit of your estate and your beneficiaries.
(04/2001 — Present) • Managing deceased grantor trust accounts and estates, Agent for Personal Representative and Agent for Trustee accounts,
Successor Trustee account.
Additionally, you are able to name
a successor trustee who will manage your trust after you die, and is also empowered to do so if you become disabled.
I've also heard you can close the property to a Land trust with Trustee of your choice and then after closing have them resign and you be
the successor trustee but they stay on public record.
Here's my question... Can I just name myself as
successor trustee to convey title WITH - OUT A PETITION?
Even properties held in properly prepared family trusts can be challenging upon resale when
the successor trustees / heirs can't find the trust docs.
Your druggie
successor trustee may clean up long enough to to deal with this later were s / he to need money in a hurry so don't rule out that potential threat for later.
I asked
successor trustee to sign over any rights if he has any.
You can name yourself as the initial trustee of your living trust (most people do), and then name
a successor trustee to manage the trust if you become unable to do so.
Not exact matches
As a professional
trustee, Edward Jones Trust Company can be named as current,
successor or co-
trustee.
With his resignation, SUNY Chancellor Nancy Zimpher and the SUNY Board of
Trustees can now look to put an interim president in place as they search for his
successor.
Comfort indicated earlier this year that he wished to move on «to other challenges» and has now informed the
Trustees that he plans to leave in the spring term, giving them time to find a suitable
successor.
The
trustee of the testamentary trust could be the person the original subscriber would have appointed as
successor subscriber.
Members Trust Company can then act as your
trustee or
successor -
trustee.
In addition to Claims brought by either you or the Bank, Claims made by or against the Bank or by or against anyone connected with you or the Bank or claiming through you or the Bank (including a second cardholder, employee, agent, representative, affiliated company, predecessor or
successor, heir, assignee, or
trustee in bankruptcy) shall be subject to arbitration as described herein.
Should the
trustee be given the power to name a new caregiver if the primary and
successor caregivers named in the trust fail?
The Parks Conservancy's Board of
Trustees has launched a search for Moore's
successor.
«If you want to find someone in Miami in August, you go to Aspen,» quipped Dennis Scholl, one of a half - dozen Pérez Art Museum Miami
trustees who met there late last month to interview and ultimately hire a
successor to Thom Collins, who left to head the Barnes Foundation in Philadelphia in March.
We have also represented pension fund
trustees on complex matters including withdrawal liability, valuation, and
successor liability in bankruptcy.
Montana Chamber of Commerce, Business and the Law Conference, Federal Impacts on MT Employers — Immigration & NLRB Update, March 14, 2018 (Helena, Montana) Montana Medical Association Interim Membership and Board of
Trustees Meeting, Health Care Legislation Highlights, February 17, 2017 (Helena, Montana) Montana Energy Conference, Legal Obstacles to Energy Development: Clean Power Plan and Ground Level Ozone, March 29, 2016 (Billings, Montana) CERCLA
Successor Liability, fall / winter 2015 (Montana, Wyoming, North Dakota) Montana Energy Law Seminar, Governmental Affairs & Legislative Update, August 31, 2015 (co-presented with Aimee Grmoljez)(Billings, Montana) EPA's Proposed Reduction to Ground Level Ozone NAAQS, January 2015 (Montana, Wyoming, North Dakota) R.S. 2477 Litigation and Legislation Presentation for the Alaska State Bar Association and a coalition of corporate landowners in Alaska, winter / spring 2014 (Anchorage, Alaska) «Banking for Salmon: How to Balance the Klamath Basin's Liquid Ledger Sheet with a Comprehensive Basin - Wide Water Bank,» Editorial, VT..
What client information may I share with
trustees in bankruptcy, the purchasers of my client's business or
successors in title?
Applicant requested three rulings related to qualified trusts,
trustee functions and
successor QI merger with another QI while exchanges are pending.
I would just need to stake a claim indicating I'm the
successor by recording a change of
trustee document.