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Cotrustee |
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Co`trus`tee´ (k?`tr?s-t?´)
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| Eve Sternlight Cohen, Fabe's sister, claims that in March 1993, Fabe secretly asked Hoffman Sabban to "rewrite" her parents' estate plan and to allow herself, her sister Eve and Sara to serve as cotrustees. Under both alternative methods of reporting, unless the trustee or cotrustee is also the only grantor or other person treated as an owner of the trust, the final regulations require the trustee to furnish each grantor or other person with a statement that: Since neither cotrustee was an experienced investment manager, such local law requirements imposed an obligation to seek professional advice in order to comply. |
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