02-15-2004, 05:07 PM
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 Re: Violation of terms of trust by trustee bank - quote - > From: arouth[at]radiology.umsmed.edu (zxcvar)
beneficiaries of the trust.> Date: 2/15/04 2:44 AM Pacific Standard Time > Message-id: <f0e5a6c.0402141900.586b0f88[at]posting.google.com > Greetings! I have a trust for my daughter in a local bank. My wife is > the trustee. She heard rumors that the trust dept of the bank is not > following the terms of the trust regarding the investment of money. > Can the trust dept of a bank do that? Does any one know of such > incidences or this is just a rumor? How one can check about this rumor > or fact? With thanks. The bank must report its acivites in writing to the trusttee and/or If your wife is really the Trustee, then she is responsible for the investments, not the bank. If she is a co-trustee, she has a say. In other words, all she has to do is read the reports sent to her or demand answers to get the info. |
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02-15-2004, 09:44 AM
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| Violation of terms of trust by trustee bank Greetings! I have a trust for my daughter in a local bank. My wife is the trustee. She heard rumors that the trust dept of the bank is not following the terms of the trust regarding the investment of money. Can the trust dept of a bank do that? Does any one know of such incidences or this is just a rumor? How one can check about this rumor or fact? With thanks. |
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| bank, terms, trust, trustee, violation |
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