legal view
2006-09-14 15:09:42 · 2 answers · asked by Anonymous in Local Businesses ➔ Singapore
When the Trust was drawn up by the Attorney, one or more were named as Trustee. They can be named to work together, or they can be named for separate tasks. If the first person resigns, or is unable to perform the duties, or dies, then the other Trustee takes over. This is a serious endeavor as there are many task to complete. If not done properly, one could find themselves in court defending their actions. If you are in doubt about any aspect of being a Trustee, you need to read a lot about it, there are articles online, and at bookstore. Good Luck.
2006-09-14 15:29:17 · answer #1 · answered by Excel 5 · 0⤊ 0⤋
given no provision for his replacement, the other trustee takes over the deceased trustee's role. remember that the trustee has no ownership over the things which he holds in trust for.
2006-09-14 22:19:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋