Nominee Agreement Form
Description
How to fill out Nominee Agreement To Hold Title To Real Property?
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FAQ
A person who manages funds or the legal affairs for the benefit of others, similar to an agent or trustee. For example, a nominee may serve as a real estate broker, and may be instructed to buy land for instructor.
A Nominee is a person whom you can list in your investment or bank application as the person who can receive the proceeds of your account in case of your unexpected death. The nominee can be anyone you deem to be your first relative - your parents, spouse, kids, siblings etc.
A nominee agreement allows one party (the principal) to grant a mandate to another party (the nominee) to act on its behalf.
N. 1) a person or entity who is requested or named to act for another, such as an agent or trustee. 2) a potential successor to another's rights under a contract.
A "nominee" is someone who is given limited authority to act on behalf of an entity, usually for a limited period of time, and usually during the formation of the entity. The "principal officer, general partner," etc., as defined by the IRS, is the true "responsible party" for the entity, instead of a nominee.