Who has more power a trustee or beneficiary?

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Who has more power a trustee or beneficiary?

Who has more power a trustee or beneficiary?
The answer to this question depends on the context in which it is asked. Generally speaking, a trustee has more power than a beneficiary in a trust relationship. This is because the trustee is responsible for managing the trust assets and making decisions about how the trust funds are used. The trustee is also responsible for ensuring that the trust is administered in accordance with the terms of the trust document.

The beneficiary, on the other hand, is the person who is entitled to receive the benefits of the trust. The beneficiary does not have any control over the trust assets or the decisions made by the trustee. The beneficiary is only entitled to receive the benefits of the trust as specified in the trust document.

In some cases, the beneficiary may have certain rights under the trust document that allow them to challenge the decisions made by the trustee. For example, the beneficiary may have the right to request an accounting of the trust assets or to challenge the trustee’s decisions in court. However, these rights are usually limited and the beneficiary does not have the same level of control over the trust assets as the trustee does.

In summary, a trustee typically has more power than a beneficiary in a trust relationship. The trustee is responsible for managing the trust assets and making decisions about how the trust funds are used, while the beneficiary is only entitled to receive the benefits of the trust as specified in the trust document.
Tags: πŸ“Ž trust πŸ“Ž beneficiary πŸ“Ž trustee πŸ“Ž assets πŸ“Ž decisions πŸ“Ž document πŸ“Ž responsible πŸ“Ž power πŸ“Ž entitled πŸ“Ž does
Was this article helpful? Yes: 0 No: 058 Posted by: πŸ‘¨ Joseph N. Lewis
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