Stockton California Acceptance of Office by Trustee with Limitations

Category:
State:
Multi-State
City:
Stockton
Control #:
US-0690BG
Format:
Word; 
Rich Text
Instant download

Description

Acceptance of a trust by the person designated in the trust instrument as trustee is not necessary to the existence or validity of the trust. However, acceptance by a trustee is necessary in order to charge the trusteee with the office of trustee and the administration of the trust. One may decline to act as trustee. If, however, a nomineee does accept the trust, he or she can relieve himself or herself of responsibility by resignation or retirement only after the performance of his or her legal and equitable duties and the satisfaction of his or her liabilities or the release from the same. No formality, writing, signature or even oral assent is necessary for an acceptance of a trust by a trustee. Acceptance by a trustee may be effected, established, or proved by actual consent, an endorsement on the trust instrument, an exercise of any power or right over the trust property, a failure to disclaim the trust under certain circumstances, the administration of the trust for a substantial time, the receipt and retention of the trust instrument and notification to the beneficiary, or the initiation of a suit to protect the trust.

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FAQ

Stockton is known for being home to the oldest university in California, the University of The Pacific. With the low cost of living (compared to other areas in California) and being a family-friendly city, Stockton is a great place to live. Where Is Stockton?

Founded in 1849 and incorporated in 1850, the City of Stockton is one of the oldest incorporated cities in California.

Stockton The violent crime rate in Stockton is 1,397 per 100,000 people. There are approximately 34 murders, 181 rapes, 1,158 robberies, and 3,007 aggravated assaults annually in Stockton.

Crime and high cost of living are two of the biggest drawbacks to living in Sacramento. Although not as high as Stockton's crime rates, the crime rate in Sacramento is 46 percent above the national average. Violent crime is 76 percent above the national average in Sacramento.

In 2021, there were 1.13 times more Asian (Non-Hispanic) residents (65.1k people) in Stockton, CA than any other race or ethnicity. There were 57.5k White (Non-Hispanic) and 53.6k White (Hispanic) residents, the second and third most common ethnic groups. 44.9% of the people in Stockton, CA are hispanic (143k people).

Home to California's oldest university. In 1851, University of the Pacific became California's first chartered institution of higher education.

In 2018, Stockton ? whose roughly 310,000 residents were 42% Hispanic, 24% Asian, 19% non-Hispanic white and 13% black ? was the most racially diverse large city in America, ing to a U.S. News analysis based on recent census data.

Stockton is in San Joaquin County. Living in Stockton offers residents a dense suburban feel and most residents own their homes. In Stockton there are a lot of parks. Many families live in Stockton and residents tend to lean liberal.

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Stockton California Acceptance of Office by Trustee with Limitations