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LSDefine

Simple English definitions for legal terms

judicial trustee

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A quick definition of judicial trustee:

A judicial trustee is a person appointed by a court to manage and execute a trust. A trust is when someone holds property for the benefit of another person. The trustee has a legal duty to protect and preserve the property and use it only for the beneficiary's benefit. There are different types of trustees, such as corporate trustees, testamentary trustees, and bankruptcy trustees. A trustee can also be held liable if they breach their fiduciary duty to the beneficiary.

A more thorough explanation:

Judicial Trustee

A judicial trustee is a person appointed by a court to execute a trust. A trustee is someone who holds legal title to property and owes a fiduciary duty to the beneficiary. The duties of a trustee include converting debts and securities to cash, reinvesting the cash in proper securities, protecting and preserving the trust property, and ensuring that it is employed solely for the beneficiary, in accordance with the directions contained in the trust instrument.

  • A trustee appointed by a court to manage the assets of a minor child until they reach adulthood.
  • A trustee appointed by a court to manage the assets of a person with a disability.
  • A trustee appointed by a court to manage the assets of a bankrupt individual or company.

These examples illustrate how a judicial trustee is appointed by a court to manage the assets of a person or entity in need of assistance. The trustee is responsible for ensuring that the assets are managed in the best interests of the beneficiary, in accordance with the directions contained in the trust instrument.

judicial-tenure commission | judicial writ

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General chat about the legal profession.
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join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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