Testamentary trustee definition

Testamentary trustee means a trustee designated by will or
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Testamentary trustee means a trustee designated by will or appointed to exercise a trust created by will.
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Testamentary trustee means a trustee serving under a trust created by a will of a testator domiciled in this state at the time of the testator’s death, whose will has been admitted to probate in this state, whether the trustee was appointed by the testator or by a court or other authority.
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Examples of Testamentary trustee in a sentence

  • Testamentary trustee that has violated or threatened to violate his trust or is insolvent or for any other cause is deemed an unsuitable person to execute the trust.


More Definitions of Testamentary trustee

Testamentary trustee means a trustee designated by will or appointed to exercise a trust created bywill.
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Related to Testamentary trustee

  • Family Trusts means, with respect to any individual, trusts or other estate planning vehicles established for the benefit of such individual or Family Members of such individual and in respect of which such individual serves as trustee or in a similar capacity.

  • Successor Trustee means a successor Trustee possessing the qualifications to act as Trustee under Section 4.01.

  • Family Trust means, with respect to any natural Person, a trust, limited partnership or limited liability company benefiting solely such individual and/or the Family Members of such individual.

  • charity trustee means a charity trustee of the CIO.

  • State registrar means the state registrar of vital statistics.

  • Relevant Trustee shall have the meaning specified in Section 8.10.

  • Trustee means any person, including the founder of a trust, to whom property is bequeathed in order for such property to be administered for the benefit of another person.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq., as the same may be amended from time to time.

  • Delaware Trustee means, with respect to the Trust, the Person identified as the "Delaware Trustee" in the Trust Agreement, solely in its capacity as Delaware Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Delaware Trustee appointed as therein provided.