Bankruptcy

Special trustee may exercise the power to adjust for year preceding appointment
The beneficiary-trustee obtained the appointment of a special trustee whose sole responsibility was to decide on the propriety of the use of the power to adjust under Nevada?s version of the Uniform Principal and Income Act...

Selecting The Right Trustee For A Third-Party Created and Funded Special Needs Trust Is Important.
The trustee of a third-party created and funded SNT is given complete discretion in making distributions to or for the benefit of the special needs child...

Ind. Decisions - Another Supreme Court opinion posted today
Debra A. Barnett v. Camille Clark, Trustee of Pleasant Township - "The deputy trustee's injurious acts did not fall within the scope of his employment for the defendant Trustee, and thus the Trustee is not vicariously liable under the doctrine...

A deed designating the trust as the grantee is sufficient to pass legal title to the trustee
Prior state law provided that a deed that simply added the words ?trustee? or ?as trustee? to the name of the grantee conveyed to the grantee a fee simple estate unless the contrary intention appeared on the face of the...

Superannuation fund governance: trustee policies and practices
APRA has released a working paper (pdf) containing data on its survey of superannuation fund trustee policies and practices...

Presumption that amendments by the settlor were properly delivered applies even though the trustee accepted the amendments after the settlor?s death
An Illinois land trust provided that amendments are valid when made by a written instrument delivered to the trustee but that any amendment changing any ?duty, right, power, liability, or responsibility? of the trustee would be effective on acceptance by...