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The trustee must also keep adequate records of the administration of the trust generally. [66] All trust property must stay separate from the trustee's own personal property and must not be "commingled." [67] A trustee can hold certain securities, usually publicly traded ones, in a "street name" or nominee registration for ease of management. [68]
The second and current tenure of Donald Trump as the president of the United States began on January 20, 2025, when he was inaugurated as the 47th president. Trump, who previously served as the 45th president from 2017 to 2021, took office following his victory over Democratic incumbent vice president Kamala Harris in the 2024 presidential ...
Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility for the benefit of another.
The grantor is typically the trustee of their trust. They control the assets that are held inside through the rest of their life or until a successor trustee takes over. Once the grantor passes ...
A nominee trust is a legal arrangement whereby a person, termed the settlor, appoints another person, termed the "nominee" or "trustee", to be the owner of the legal title to some property. [1] Although the legal title is transferred to the nominee, the beneficial ownership of the property is transferred to a third person, termed the beneficiary .
The United States presidential line of succession is the order in which the vice president of the United States and other officers of the United States federal government assume the powers and duties of the U.S. presidency (or the office itself, in the instance of succession by the vice president) upon an elected president's death, resignation, removal from office, or incapacity.
In some cases the successor takes up the full role of the previous office-holder, as in the case of the presidency of many countries; in other non-hereditary cases there is not a full succession, but a caretaker chosen by succession criteria assumes some or all of the responsibilities, but not the formal office, of the position.
In 1617, the Lord Chancellor, Francis Bacon appointed an official reporter for the first time. This reporter sat at his feet and took notes of his judgements, allowing them to be easily and comprehensively cited. By the second half, of the century cases in the Chancery were being cited in argument regularly.