Massachusetts Clauses Relating to Venture Board
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FAQ
You have the right to be reasonably informed about what's in the trust and any trust activity. ing to Massachusetts trust law, a trustee has to provide their name and address via first-class mail to the trust beneficiaries within 30 days of taking control of the trust.
Qualified Beneficiaries can be: an employee. the spouse of an employee. the dependent child of an employee.
Beneficiaries have the right to be informed about the administration of the estate, including being notified about the start of the probate process. They have the right to receive a copy of the will and are entitled to an accounting of the estate's assets, debts, and distributions.
The age of consent is the age when a person can consent to sexual intercourse and sexual contact with another individual over 21 years old. In Massachusetts, the age of consent is 16 years old. This means minors aged 15 or younger in the state cannot legally consent to sexual activity.
The designer selection law requires municipalities and other local public agencies to adopt written designer selection procedures. The Office of the Inspector General has drafted these model procedures to assist municipalities and local public agencies in developing their own designer selection procedures.
''Ascertainable standard'', a standard relating to an individual's health, education, support or maintenance. ''Beneficiary'', a person who has a present or future beneficial interest in a trust, vested or contingent.
Generally speaking, beneficiaries have a right to see trust documents which set out the terms of the trusts, the identity of the trustees and the assets within the trust as well as the trust deed, any deeds of appointment/retirement and trust accounts.
A qualified beneficiary is a limited subset of all trust beneficiaries. In effect, the class is limited to living persons who are (a) current beneficiaries, (b) intermediate beneficiaries, and (c) first line remainder beneficiaries, whether vested or contingent.