If 3 Trustees Are Suggested - What Are Their Offices or Titles
There will be the Head/Primary/First/Executor Trustee. The second will often be an Administrative Trustee. The third will often be a Secretary Trustee. They are all considered co-trustees among each other.
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What If One Has No Trustees - Can A Trust Serve As Trustee
Yes, a trust may serve as trustee. However, this will not work for a situation where only one person sits on a board with 2 other trusts serving as trustees - simply because those trusts are are controlled by the one person/trustee. This is in ...
Is It Required to Have 3 Trustees
While one can change the paperwork in the Trust Indenture to require only one trustee, the paperwork is designed to have three trustees for the following reasons: 1) If multiple trusts get called into court, due to their normal interactions in ...
If Trust Requires 3 Trustees - Can One Use The Same Trustees For All Trusts
Yes, one can use the same trustees for all trusts created. The legal reasoning behind having (3) trustees, is due to the fact that having 50% control or more of a trust as trustee can lead to undesirable results when defending a trust in court. ...
Do Successor Trustees Have A Position or Title
No, they are simply named Successor Trustee. If so desired, the office of a Trustee they will replace can be named within their Successor Trustee Appointment form (e.g. Successor Trustee will take office of Executive Trustee upon appointment).
The State of XXXX Has Said They Do Not Allow Allodial Title Here
That may be what is said at the county or state level; however, Allodial Titles / Land Patents / Fee Simple Absolute Titles go back to the original treaty that granted the land from one sovereign (e.g. Spain, Mexico, France, Native Tribes, etc.) to ...