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Township trustee definition10/5/2023 A trust differs from a will in that it takes effect as soon as it is legally created, rather than upon the creator’s death. A trustee must always act in the best interests of the trust beneficiaries. Trustees have many duties under the law, and failing to live up to any of them may provide grounds for a beneficiary to file a lawsuit.Ī trustee is a person nominated by a trust document to manage assets owned by another person or their estate. Trustee malfeasance is a broad term encompassing many different types of offenses, both intentional and unintentional. The term "town trustee" has also been used for members of the governing board of the Sheffield Town Trust since at least the 16th century, though that institution has been organized as a charity since the 19th century.Trustee malfeasance refers to any type of negligent, self-serving, erroneous, or retaliatory conduct committed by the trustee of a trust resulting in harm to trust assets or beneficiaries. In some others, the trustee is a single officer separate from the board the Indiana township trustees are examples of this form. In many forms of townships, the term applies to multiple trustees who together form the township board. Residents may apply for support for a number of needs including help with shelter or housing costs, utility bills, food, clothing, medical needs, burial expenses, or school supplies. The role of a trustee, or board of trustees, may involve helping the poor with basic necessities, provided that they have exhausted all other options of support.
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