Estate Executors vs. Trustees
A deceased person’s estate may have an executor and a trustee, but the two of them serve different purposes even if they can often be appointed at the same time. What are the differences between the two…
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Set Up Trusts to Ensure Finances Are Used How You Would Like
Setting up a last will and testament directs where and to whom your money goes, but it does not detail how exactly your assets are to be used overall. Estate executors may then determine what…
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Powers of California Trustees
In California, if you are named a trustee, you have the power to collect, hold, and retain trust property until the trust property should be disposed of according to the judgment of the trustee. Even…
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Guidelines for Trustees
Trustees are responsible for handling assets held in trust that they themselves act as the legal owner of as a trustee. They handle tax filings for trusts and distribute assets to beneficiaries according to the…
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What Does a Trustee Do?
A trust is a legal entity that technically owns assets and includes instructions describing who you want managing your affairs and who you want to receive the trust’s assets. But what does it mean to…
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Types of Trusts
So you’re thinking about setting up a trust. Or you’ve been appointed to be a trustee for a trust. It would probably help to know what the differences are between the types of trust, and…
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Receivers vs. Trustees in Bankruptcy
Both receivers and trustees are involved in bankruptcy, but only certain types. Receivership is both a feature of Chapter 11 bankruptcy, which is used for reorganization of a business entity under the United States bankruptcy…
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What is a Trustee?
Trustees can do a number of different things, but an easy way to describe what they do would be that they are fiduciaries who oversee the day to day management of assets placed in a…
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Trustee Bonds: What You Need to Know
A trust is a document created by a settlor that provides how property and assets within a trust are managed and distributed to trust beneficiaries. A trustee bond protects the interests of the trust beneficiaries…
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