Rights and Duties of the Trustee. 1. The Trustee shall retain the right upon written notice to withdraw from the service at any time. 2. The Trustee shall retain the right to request copies of all pertinent and relevant documents, including income and expense reports, tax returns/forms, annual reports, and any other documentation required to be retained by the Administrator per the Trust Administration Service Agreement. 3. The Trustee shall retain the right to require, in writing, the Administrator to remove trust information or account information completely or in part from the Administrator records. 4. The Trustee will not be required to pay additional fees for special functions or additional services unless the Trustee pre-approves such. 5. The Trustee shall be responsible for ensuring the timely execution and filing of trust tax returns by the Trustee(s) or its agents. 6. The Trustee shall retain the right to keep specific trust identifying information anonymous to the Administrator, including trust name, trust fed ID number, names of income beneficiaries and Trustees, social security numbers and tax ID numbers of income beneficiaries and Trustees, and name(s) of remainder beneficiaries. 7. The Trustee has a duty to provide accurate and timely information to The Administrator for purposes of trust valuation and accounting. The Trustee shall select and retain on an “as needed basis” one or more appraisers who are qualified to provide valuation appraisals of hard to value trust assets. 8. The Trustee agrees to report each act of self-dealing and any instances of trust unrelated business taxable income 9. The Trustee has the duty to determine the investment objective(s) of the Trust and to ensure that trust investments are not prohibited by the Trust or applicable trust laws. 10. The Trustee agrees to retain and pay for legal counsel to provide legal services to the Trustee and/or the Administrator should such services be necessitated, through no fault of the Administrator, during the administration of the Trust.
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Samples: Charitable Remainder Trust Administration Service Agreement, Charitable Remainder Trust Administration Service Agreement, Charitable Remainder Trust Administration Service Agreement
