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Simple English definitions for legal terms

cotrustee

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A quick definition of cotrustee:

A cotrustee, also known as a joint trustee, is a person who helps manage a trust along with other trustees. Sometimes, a trust needs more than one trustee because it is very large or has complicated things to take care of. The trustees can have different jobs or have the same power, but they all have to do what is best for the people who will benefit from the trust.

A more thorough explanation:

Cotrustee (also known as joint trustee) refers to a person who manages a trust along with other trustees. A trust can have multiple trustees, which may be necessary for large trusts or those involving complex assets. The trustees can have equal authority or specific roles to play, but they are all bound by the traditional fiduciary duties to the beneficiaries as in every trust.

For example, a wealthy individual may establish a trust to manage their assets and provide for their family after their death. They may appoint two of their children as cotrustees to manage the trust together. Both cotrustees have equal authority and must work together to make decisions that benefit the trust's beneficiaries.

In another example, a business owner may establish a trust to manage their company's assets and ensure their employees are taken care of after their death. They may appoint a cotrustee who is an experienced accountant to manage the financial aspects of the trust while another cotrustee, who is a family member, manages the day-to-day operations of the business.

These examples illustrate how cotrustees can work together to manage a trust and ensure that the beneficiaries' interests are protected. By appointing multiple trustees, the trust can benefit from their different skills and expertise.

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18:13
Original price was 460 they just ripped ya off
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
i am atheist not protestant
18:22
same thing tho ya? - catholic
BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
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