Sentence examples for professional trustee from inspiring English sources

For the big or contentious estates, like Mrs. Clark's, the best option may be to appoint a professional trustee, usually from a trust company, who will be neutral.

First, Trump should appoint an independent, professional trustee to take charge of liquidating and converting to cash Trump business holdings through an initial public offering or leveraged buyout.

"If children are under 18, often that needs to be managed with a trust account and a professional trustee," Hendershott said.

Corporate trustees shield wealthy settlers from allegations of ulterior motives concerning trustee selection because a professional trustee typically lacks personal ties to beneficiaries to whom malcontents or nefarious interlopers may point.

can be administered by a neutral third-party professional trustee (such as a bank), who can act as an intermediary between the former spouses (especially important if the former spouses have a very contentious relationship).

It indicates that a professional trustee would be held to a higher standard than a family trustee.

However, do the more professional trustees which typically serve these charities devote insufficient time to their duties?

The highly paid professional trustees, unneeded workers, overly compensated consultants and hedge fund managers are the only ones who benefit.

Section 29 goes on to say that non-charitable professional trustees are entitled to "reasonable remuneration" which will be a sum that the court thinks is comensurate to the work done, along the principles of quantum meruit.

He was on the Board of Directors of Mercer Management Corp. and Co-Manager of Mercer Fund 1963-67; BofrDirectorsctofScudderudder Special Fund 1967-72; Scudder Duo-Vest 1968-71; General Partner of H S Special Fund; Contributor of articles to professional publications; Trustee of Humes Foundation.

But professional pension trustees work zealously to balance risk and reward in traditional pension plans, and workers also need to have a strategy and stick to it, financial planners say.