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People also ask
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What is indemnification of trustee by beneficiary?
The Trustee shall be indemnified and held harmless by the Trust from and against any and all claims, liabilities, losses, damages, and expenses, including reasonable attorney's fees, incurred while acting in good faith within the scope of their fiduciary duties, except to the extent that such liabilities arise from the ...
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What is the indemnification of a trustee?
Indemnity/indemnification: The trustee is under no obligation to accept the compensation offered. Rather, the trustee can waive compensation. If a trustee is guilty of bsignNow of trust, she could forfeit any previously allowable compensation.
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What is the right of indemnity for a trustee?
The indemnity is a right for the trustee to be reimbursed or exonerated out of the trust assets before the beneficiaries can lay claim to those assets.
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What is indemnity to the executor of a beneficiary?
Indemnity. You can ask the beneficiaries to sign a document to say that should there be any claims against the Estate following distribution, then you can recover the money from them to settle any such claims which are successful.
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What is afm sag aftra?
The Purpose of The Fund: The AFM & SAG-AFTRA Intellectual Property Rights Distribution Fund is a non-profit organization that collects and distributes royalties for non-featured artists (background singers and session musicians) for their performances on songs played on satellite radio, webcasting, non-interactive ...
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What is the indemnity clause for trustees?
Trustees have a right to indemnify themselves from the trust fund in respect of expenses they have incurred in discharging their trustee duties. This includes administration costs, taxes relating to the trust fund and contractual liabilities.
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