When "Trust A" Serves on "Trust B's" Board of Trustees - Who Votes from Trust A
The entire Board of Trustees of "Trust A" votes on behalf of a trust serving on another trust. Alternatively, the Board of Trustees can have a vote for a chosen representative that may vote on their behalf.
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Trustee Powers Independent of Majority Vote of the Board
A Trustee may independently, without the majority vote of the Board of Trustees do the following: 1. Receive property into the trust; 2. Initiate a contract for services (provided notice is given to the Board of Trustees within 3 days); and 3. ...
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. ...
Does A Protector Trustee Require Voting
There is no voting for protector IF there are no other trustees on the board at time of election. If there are 2 or more trustees, a vote is required. NOTE: Use the Appointment of Additional Trustee form and simply specify their office in the ...
With 2 or 4 Trustees - Is Protector Trustee A Tie-Breaker
Yes, a protector can break voting locks.
Does A Canadian with a USA-Based Trust Need a B-1 Visa
In short, the answer should be "NO" 99.9% of the time. To travel as a B-1 without a Visa, the visit must be for less than 180 days, and the individual cannot, in any way, be working or providing services in the U.S., or being paid in the U.S. If one ...