The Trustee Report

Welcome to The Trustee Report, your go-to resource center for all things trust and estate planning. Here, you'll find in-depth articles, FAQs, step-by-step guides, and expert insights to help you navigate the complexities of trust management with confidence. Stay informed and empowered with the latest updates and trends in estate planning, ensuring your legacy is protected and your loved ones are provided for. Dive in and discover the tools and knowledge you need for a smooth and successful estate planning journey.

What do Banks Need to Open a Trust Bank Account Feb 03, 2023
 

The requirements for opening an express trust account at a bank vary depending on the bank and the jurisdiction in which it operates. However, some common requirements that banks may ne

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What was the first trust in the The U.S.? Feb 03, 2023
 

The first express trust in the United States was established in 1838 by the Massachusetts Supreme Judicial Court in the case of Will of Hill v. Will of Merrick.

In the case of Will of ...

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What is an Express Trust and The Elements of a Declaration Feb 03, 2023

An express trust is a type of trust that is created by the explicit declaration or intention of the settlor, typically through a written document such as a trust agreement. In an express trust, the te...

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What is a Trust Provision? Feb 03, 2023

A trust provision is a specific clause or provision in a trust agreement that outlines the rules and conditions for the management and distribution of the trust assets. A trust provision may address a...

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What is the Governing Jurisdiction of a Trust? Feb 03, 2023
 
Governing jurisdiction refers to the legal system or jurisdiction under which a trust is administered and enforced. In general, a trust agreement will specify the governing jurisdiction, which
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Exchanging Trust Units for Capital Interest Feb 03, 2023

The process of exchanging trust units for a capital interest in a trust can vary, depending on the specific terms and conditions of the trust agreement and the regulations of the jur

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