Sentences with phrase «individual trustees»
The phrase "individual trustees" refers to people who have been chosen or appointed to manage or oversee the affairs of a trust. They are responsible for making sure that the trust's assets are well taken care of and that the instructions outlined in the trust document are followed. Full definition
All members are either individual trustees or directors of a corporate trustee of the fund.
ato.gov.au
One wonders how the process would have differed if individual trustees had known from the start that they would be voting and defending their votes in public.
Carmichael stresses that «the publicly - funded nature of academies means that transparency over the the renumeration of trustees is essential for public confidence» and suggests that greater details should be provided of cases where individual trustees receive over # 150,000.
The same applies to any other individual trustee, such as a treasurer.
If an individual trustee joins or leaves your SMSF you must change the names on the ownership documents (such as a title deed) for each fund asset.
If there are four trustees, document the names of all individual trustees in your fund's records as owners of the shares.
It can have up to four individual trustees or a corporate trustee (essentially a company acting as trustee for the fund).
In the trust and estate litigation arena, he represents corporate trustees, individual trustees, personal representatives, and beneficiaries in disputes involving breaches of fiduciary duty, dissipation of trust or estate assets, and claims of lack of testamentary capacity, undue influence and fraud.
His trust and estate litigation practice includes representing corporate trustees, individual trustees, personal representatives and beneficiaries in disputes involving breaches of fiduciary duty, dissipation of trust or estate assets, and claims of lack of testamentary capacity, undue influence and fraud.
His trust and estate litigation practice includes representing corporate trustees, individual trustees, personal representatives and beneficiaries in disputes involving breaches of...
We advise corporate and individual trustees, foundation council members and executors / administrators as well as settlors, protectors and beneficiaries on matters that are, or have the potential to become, contentious.
The CIO format is designed only for charities and aims to combine the best of both worlds — all the advantages of corporate status, including separate legal personality (so that a CIO is able to conduct business and hold property in its own name rather than under the names of the individual trustees), and limitation of liability for its trustees and members, while at the same time avoiding dual regulation under both company law and charity law.
Clients range from corporations, charities and other not - for - profit organisations, to individual trustees, lay or professional.