Trustee definition in will

Martin Edelman, trustee of the Fallen Heroes Fund. He served for years as trustee definition in will of the Art Gallery of Ontario and as chairman of the Stratford Shakespeare Festival. 25 million of those charitable contributions. On April 10th, Washington debated a new report by Medicare trustee Chuck Blahous.

He was a commissioner, or a board, or a trustee, ‘or something. He was Chairman of this, trustee of that, President of the other. In a similar way I am, or I have been, trustee of one kind or other for scores of our customers. It was Judge Knowles’ wish that you be my trustee, and, as you know, it was mine also. Bradley and he has consented to act as trustee for me. Learn the correct uses of these two commonly confused homophones.

What Character Was Removed from the Alphabet? What mistaken pronunciation gave this character its name? Apostrophes 101 This small mark has two primary uses: to signify possession or omitted letters. How Do I Get a Word into the Dictionary?

People invent new words all the time, but which ones actually make it? One of us cautious and pensive, one of us quick and outspoken. 89, pensive with rifle at a pheasant shoot in Idaho. Venus was the quiet one: pensive and observant of everything around her. Another image features the First Lady in a pensive pose, wearing a black Michael Kors sweater and ball skirt. It is, alternately, a provocative and pensive soap opera that puts the gothic in Southern Gothic. Do you see how pensive she is, with her cheek resting on her hand?

The pale beauty of her pensive face won her friends wherever she went. Nothing could be firmer than the tone of this letter, in spite of its pensive gentleness. Florence was pensive, and an air of painful depression hung about her. When Macquart was on his rounds, she passed her time in lazy, pensive idleness. Learn the correct uses of these two commonly confused homophones. What Character Was Removed from the Alphabet? What mistaken pronunciation gave this character its name?

Apostrophes 101 This small mark has two primary uses: to signify possession or omitted letters. How Do I Get a Word into the Dictionary? People invent new words all the time, but which ones actually make it? A trustee can also refer to a person who is allowed to do certain tasks but not able to gain income.

Be impartial among beneficiaries – the trustee must act impartially between individual beneficiaries as well as between different classes of beneficiaries. Account for actions and keep beneficiaries informed, these include a duty to inform beneficiaries as to their entitlements under the trust and other matters concerning the trust. When evaluating whether or not an institutional investor has delivered on its fiduciary duties, both the outcomes achieved and the process followed are of critical importance. The terms of instrument that creates the trust may narrow or expand these duties—but in most instances they cannot be eliminated completely. Corporate trustees, typically trust departments at large banks, often have very narrow duties, limited to those the trust indenture explicitly defines. The trustee may find himself liable to claimants, prospective beneficiaries, or third parties.

Trustees are generally held to a “prudent person” standard in regard to meeting their fiduciary responsibilities, though investment, legal, and other professionals can, in some jurisdictions, be held to a higher standard commensurate with their higher expertise. Trustees can be paid for their time and trouble in performing their duties only if the trust specifically provides for payment. The broadest sense of the term trustee applies to someone held to a fiduciary duty similar in some respects to that of a trustee proper. In the case of UK charities, a trustee is a volunteer who undertakes fiduciary responsibilities on behalf of the charity, subject to the provisions of Charity Law, a branch of trust law, and the Charities Act 1993. The law on this in England changed considerably with the Charities Act of 2006. An account of the main changes can be found in “Charities Act 2006 A guide to the new law” by Michael King and Ann Phillips. One is the traditional way in which a corporation is a corporate trustee of a given charity.

The second is the new way, in which the charity itself is incorporated as a CIO. The advantages and disadvantages of the different methods is a complicated matter. According to King and Philips, many of the advantages of incorporating as a CIO are obtained if the trustees are not individuals but a corporate entity. Depending on the state, a trustee is a member of the village board of trustees, which is a village’s elected legislative body as outlined by local or state law. Indiana Township Trustee for an example. In this context, a “trusty” is a prisoner who is trusted not to attempt an escape, and therefore requires little or no guarding.