17-176 17-176 . . . Trust Agreement under which corporation will establish and fund an irrevocable trust for payment of liabilities and expenses arising out of or relating to claims or legal proceedings to which a director or officer is made party or threatened to be made party by reason of his position with corporation or any of its subsidiaries
Washington Trust Agreement between Insituform Southeast Corp. and Trustee
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US-CC-17-176
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How to fill out Trust Agreement Between Insituform Southeast Corp. And Trustee?
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FAQ
Can a beneficiary override a trustee? A beneficiary can override a trustee using only legal means at their disposal and claiming a breach of fiduciary duty on the Trustee's part. If the Trustee stays transparent and lives up to the trust document, there is no reason to ?override? the Trustee.
So can a trustee withdraw money from a trust they own? Yes, you could withdraw money from your own trust if you're the trustee. Since you have an interest in the trust and its assets, you could withdraw money as you see fit or as needed. You can also move assets in or out of the trust.
A trust agreement is a legal document containing, terms, conditions and provisions that allows the trustor to transfer the ownership of assets to the trustee to be held for the trustor's beneficiaries. The trustees will manage the property and assets on behalf of the beneficiary.
A Trustee is a fiduciary which means that the Trustee owes the highest duty of good faith and fair dealing to the beneficiary. The Beneficiary is the person for whom the entrusted assets are being held and managed.
Generally speaking, a trustee cannot withhold money from a beneficiary unless they are acting in ance with the trust. If the trust does not indicate any conditions for dispersing funds, the trustee cannot make them up or follow their own desires.