Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

testamentary trustee

Read a random definition: future use

A quick definition of testamentary trustee:

A testamentary trustee is a person who is chosen to take care of someone's money or property after they die. This person has a special job to make sure that the money or property is used in the way that the person who died wanted it to be used. They have to be very careful and follow the rules that are written down in a special document called a will.

A more thorough explanation:

Testamentary Trustee

A testamentary trustee is a person appointed by or acting under a will to carry out a trust created by the will. They hold legal title to property and owe a fiduciary duty to the beneficiary. Their duties include converting debts and securities to cash, reinvesting the cash in proper securities, protecting and preserving the trust property, and ensuring it is employed solely for the beneficiary according to the trust instrument.

  • John's grandfather appointed him as a testamentary trustee in his will to manage his estate and distribute it to his grandchildren.
  • After her death, Mary's will appointed a testamentary trustee to manage her assets and distribute them to her children.

These examples illustrate how a testamentary trustee is appointed by a will to manage and distribute assets to beneficiaries according to the trust instrument. They have a fiduciary duty to act in the best interest of the beneficiary and manage the trust property responsibly.

testamentary transfer | testamenti factio

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
12:02
Just part of the culture.
BulbasaurNoLikeCardio
12:04
I wish that wearing a mask when sick stuck around as an okay thing like it is in the rest of the world, not all of us have enough sick days to be ditching work.
Dkk
12:04
Unless its like an N95 i dont think it will really do anything
12:04
there's even a mask ban in some places. altho one of my coworkers wears a mask anyway despite customers being rude to her about it
12:05
good morning
12:05
why does umiami ask "Are you applying, or have you applied, to other law schools? If so, please list them."
BulbasaurNoLikeCardio
12:05
One manager came in sick wearing a mask, got roasted and stopped wearing it that day. The entire office has been cycling sickness for two weeks now. It may not be super effective but it may help in slowing the spread during meetings when we have to be so close
12:05
am i the only one who has never gotten my status checker to work on here?
BulbasaurNoLikeCardio
12:06
@ChowieBean: want to see what schools they share an applicant pool with, think it is all data harvesting stuff no a +/- for the applicant
12:06
ok good cuz idk whether i wanna tell them or not
12:06
thanks bulbasaur
12:08
not to be that guy again but berkeley person/applicant id is back and Shiny New Logo
be that guy
EW THE NEW LOGO IS SO UGLY
WTF
12:09
need to send in my berkeley app rawwwww
BulbasaurNoLikeCardio
12:09
@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.
BulbasaurNoLikeCardio
12:10
*shouldnt be
12:12
@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)
babycat
12:12
@ChowieBean: me too lol. you applying to public interest scholars program?
12:14
yes def applying public interest
12:16
i was raised like blocks away from umiami
12:16
idk if i wanna go back to florida tho so im applying there as safety/target 💀
12:25
@ChowieBean: doing the same thing
Does anyone think au gonna get back to us today
My app was complete Oct 11
If yes what time
Dkk
12:29
Sure, yes! 11:22:24 PST
ClassyPleasantHeron
12:30
I wonder if Berk was updating their system so that they could watch more video.
1a2b3c4d26z
12:41
They updated it so they could watch my video one trillion times
LSD+ is ad-free, with DMs, discounts, case briefs & more.