Public Trustee Form 1
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People also ask
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What is a Public Trustee in legal terms?
The public trustee primarily performs the role of trustee of deceased's estates where no executor is appointed, or the executor declines to act (and no other person is appropriate). Some public trustees also provide a free or inexpensive service for drawing wills (receiving remuneration upon administering the estate). -
What is the difference between executor and trustee in Singapore?
An executor manages a deceased person's estate to distribute his or her assets ing to the will. A trustee, on the other hand, is responsible for administering a trust. A trust is a legal arrangement in which one or more trustees hold the legal title of the property for the benefit of the beneficiaries. -
Who is Public Trustee Singapore?
The Public Trustee is a government body that acts as a trustee of the deceased's estate. It ensures that the assets of the deceased are distributed to the rightful beneficiaries. -
What is public trusteeship?
The public trustee primarily performs the role of trustee of deceased's estates where no executor is appointed, or the executor declines to act (and no other person is appropriate). Some public trustees also provide a free or inexpensive service for drawing wills (receiving remuneration upon administering the estate). -
What is the role of the Public Trustee in the administration of estates of deceased persons in Kenya?
The Public Trustee offers services of a specialized nature which involve identification and collection of assets, identification of beneficiaries, management and subsequent transmission of both movable and immovable property either as an estate or a trust. -
Where is the Public Trustee office in Nairobi?
Office of the Attorney-General and Department of Justice, Sheria House, Harambee Avenue, P. O. Box: 40112-00200, Nairobi, Tel. -
What is Public Trustee Singapore?
The Public Trustee has discretion to administer the estates of deceased persons, where the value of the estate does not exceed $50,000, as well as compensation in motor accident cases. For more information on the Public Trustee's Office, please click here. Last updated on 08 Sep 2022. -
How much is a trustee fee in Singapore?
How Much Does It Cost To Create A Trust In Singapore? If you're setting up a trust, expect to spend anywhere between $4,000 to $10,000.
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