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Section 3343 - Authority to allocate trustee duties among multiple trustees (a) The power to appoint a successor trustee under a governing instrument shall be deemed to include the power to appoint multiple successor trustees.
(5) The term ?wilful misconduct? means intentional wrongdoing, not mere negligence, gross negligence, or recklessness and ?wrongdoing? means malicious conduct or conduct designed to defraud or seek an unconscionable advantage. 25 Del. Laws, c. 226, § 3; Code 1915, § 3875; 37 Del.
The amount of time you have to file a personal injury case in Delaware varies depending on the specifics of each case. Here are some general statutes of limitation: Negligence: 2 years.
(5) The term ?wilful misconduct? means intentional wrongdoing, not mere negligence, gross negligence, or recklessness and ?wrongdoing? means malicious conduct or conduct designed to defraud or seek an unconscionable advantage. 25 Del. Laws, c. 226, § 3; Code 1915, § 3875; 37 Del.
So, why is everyone talking about Delaware trusts? to modify the duty to diversify trust investment, and to permit the trustee to hold high risk portfolios, closely held business interests, and overly concentrated stock positions in the stock of family businesses gone public without fear of liability.
A person receiving such written notice who wishes to contest the will shall file a proceeding in the Court of Chancery no later than 120 days following receipt of such notice.
Section 3303(d) invokes the designated representative statute, providing: ?[d]uring any period of time that a governing instrument restricts or eliminates the right of a beneficiary to be informed of the beneficiary's interest in a trust, unless otherwise provided in the governing instrument, any designated ...
(a) Where 1 or more persons are given authority by the terms of a governing instrument to direct, consent to or disapprove a fiduciary's actual or proposed investment decisions, distribution decisions or other decision of the fiduciary, such persons shall be considered to be advisers and fiduciaries when exercising ...