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  • Trustee Application Form - Friends Life

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Sections relating to your product choice. Financial Adviser Details Company name FPI Agency number Contact name Phone number Email address Policy Number Policy number if known Please contact FPI to obtain a pre-allocated policy number if desired. Failure to disclose relevant information may delay the processing of your application Please tick to confirm you have included with this application: (for Reserve only) Personal Charging Structure Illustration For each individual Trustee Verificat.

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Definition of LIFETIME TRUSTEE: Plain English Translation: There are trusts made by a person during life (aka living trusts) and there are trusts created within a last will and testament that only go into effect after the creator dies and once the will is admitted to probate (testamentary trusts).

The trustee's role is to administer and distribute the assets in the trust ing to your wishes, as expressed in the trust document. Trustees have the fiduciary duty, legal authority, and responsibility to manage your assets held in trust and handle day-to-day financial matters on your behalf.

Professional vs. If a trustee is a professional, they generally can charge their standard hourly rates (which, in our experience, usually fall between $100 and $175 per hour). Alternatively, they could charge a fee equivalent to 1% to 1.5% of the value of the trust assets per year.

A trustee can be an individual, such as a family member, friend, or trusted advisor (e.g., lawyer or accountant) or an institution, such as a bank or trust company.

During the term of the trust, the trustee has the power to perform, without court authorization, every act which a prudent person dealing with the property of another would perform for the purposes of the trust.

trustee if you're sure you can take on the responsibility. A trustee is a person who takes responsibility for managing money or assets that have been set aside in a trust for the benefit of someone else. As a trustee, you must use the money or assets in the trust only for the beneficiary's benefit.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232