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November
2009
Trusstee Embarrassment
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If your Trust is to enter into any contract or propose an
action involving its assets avoid embarrassment by first
involving all Trustees in the proposal.
Almost all Family and Trading Trusts require the unanimous
consent of all Trustees.
Should one or more Trustees decline to consent to the proposal
it is best to find out before making a commitment which the
Trust does not have the legal authority to follow through
on. |