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However, a trustee may act otherwise than in accordance with the terms of the trust if all beneficiaries, being sui juris and together absolutely entitled, direct the trustee to do so (or so consent). If any question arises as to the constriction of the provisions of the trust, the trustee must approach the court for determination of the question.
The trustee model of representation is a model of a representative democracy, frequently contrasted with the delegate model of representation. [1] In this model, constituents elect their representatives as ' trustees ' for their constituency .
The trustee must also keep adequate records of the administration of the trust generally. [66] All trust property must stay separate from the trustee's own personal property and must not be "commingled." [67] A trustee can hold certain securities, usually publicly traded ones, in a "street name" or nominee registration for ease of management. [68]
Bieber's Dictionary of Legal Abbreviations. 6th ed. Buffalo, NY: Hein, 2009. Bieber's Dictionary of Legal Abbreviations, 5th ed. at Google Books; Trinxet, Salvador. Trinxet Dictionary of Legal Abbreviations and Acronyms Series. A Law Reference Collection, 2011, ISBN 1624680003 and ISBN 978-1-62468-000-7; Trinxet, Salvador.
Continue reading → The post Trustor vs. Trustee: What’s the Difference? appeared first on SmartAsset Blog. Trusts are a useful tool for financial and estate planning, allowing a family to set ...
[1] [2] [3] A TEE as an isolated execution environment provides security features such as isolated execution, integrity of applications executing with the TEE, and confidentiality of their assets. In general terms, the TEE offers an execution space that provides a higher level of security for trusted applications running on the device than a ...
A deed of trust is a legal agreement used in a real estate transaction in which a third party — the trustee — holds the title to the property until the borrower repays the mortgage in full.
List of initialisms, acronyms ("words made from parts of other words, pronounceable"), and other abbreviations used by the government and the military of the United States. Note that this list is intended to be specific to the United States government and military—other nations will have their own acronyms.