Day: October 1, 2013

Living trusts is a trust made to operate during your life time. It is termed ‘inter vivos’ trusts which literally is ‘among living beings’. Most simply, they can be seen as the legal opposite to testamentary trusts, which are not fully constituted until after the death of the settlor. Thus, a living trust is constituted… Continue reading What is a living trust?

A trustee can be removed on the following ground: If the Trustee deals with the beneficiaries estate deceitfully. Where there is a conflict of interest between the trustee and the trust property. He is incapable of carrying out his function Refuses to act A trustee can be removed in a number of ways, either with… Continue reading When can a trustee be removed?

A trustee is one who has been appointed to hold the deceased estate in trust for a beneficiary of less than 18 years of age. The trustee owes a fiduciary duty to the beneficiary of the trust and must act in the best interest of the beneficiary. A trustee as a legal owner of the… Continue reading Duties of a trustee to a beneficiary.