cotrustee

cotrustee

(ˌkəʊtrʌˈstiː)
n
(Law) a fellow trustee
References in periodicals archive ?
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:
The successor or the surviving cotrustee can do all the right things, including the transfer of marketable title to the right people, without most of the hassles, delays and possible publicity of probate.
in the resource, it is a cotrustee along with the states.
13) Although the wife argued that a merger of legal and equitable titles occurred because she had been given the power to withdraw the entire trust principal and no specific remainder beneficiaries, the court rejected this argument and instead held that "a cotrustee should be appointed.
0706, court removal of a trustee may be sought by the settlor, a cotrustee, or any beneficiary.
As a generality to which there certainly are exceptions, I would posit that the larger the assets of a trust, the more likely it is that the settlor will provide for an institutional trustee or cotrustee, which would cause the trust to show up in the federal data that I have reported.
Since neither cotrustee was an experienced investment manager, such local law requirements imposed an obligation to seek professional advice in order to comply.
As such, includibility rested on whether the decedent remained a cotrustee at the time of death.
A spousal support statute resulted in estate inclusion of a trust with the grantor as cotrustee.
Placing the child's inheritance in trust, with a resolute and diligent third-party trustee or cotrustee, protects the trust beneficiary from these misfortunes.
A graduate of the New College of California poetics program, where she was a student of Robert Duncan's, she is cotrustee of the Jess Collins Trust, which has overseen the publication of The Collected Writings of Robert Duncan at the University of California Press.
Yukio Sakamoto, cotrustee of Elpida, said in the statement that Micron's sponsorship would allow for the stable payment of creditor claims and was "a strong testament to the value of Elpida's technologies, products and people.