testamentary trustee
1testamentary trustee — A trustee appointed by the court to execute a trust created by a will, either nominated by the will itself or not so nominated. See Re Hazard (NY) 51 Hun 201, 4 NYS 701 …
2testamentary — I adjective by way of a will, bequeathed by will, contained in a will, devised by will, distributed by will, given by testament, hereditary, patrimonial, set forth in a will, transferred by a legacy, transferred by bequest, transferred by devise… …
3trustee — trust·ee 1 /ˌtrəs tē/ n 1: one to whom something is entrusted: one trusted to keep or administer something: as a: a member of a board entrusted with administering the funds and directing the policy of an institution or organization b: a country… …
4trustee — Person holding property in trust. Restatement, Second, Trusts, No. 3(3). The person appointed, or required by law, to execute a trust. One in whom an estate, interest, or power is vested, under an express or implied agreement to administer or… …
5testamentary trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. testamentary trust …
6Testamentary trust — A testamentary trust (sometimes referred to as a will trust) is a trust which arises upon the death of the testator, usually under his or her will. Testamentary trusts are distinguished from inter vivos trusts, which are created during the… …
7Testamentary Trust — A legal and fiduciary relationship created through explicit instructions in a deceased s will. A testamentary trust goes into effect upon an individual s death and is commonly used when someone wants to leave assets to a beneficiary, but doesn t… …
8executorial trustee — A person who is executor of a decedent s estate but is given powers and duties as a trustee, in reference to a testamentary trust created by the will, beyond the powers and duties of an executor. 31 Am J2d Ex & Ad § 163 …
9trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …
10assignee — A person to whom a right is assigned, that is, the one to whom an assignment is made. 6 Am J2d Assign § 2. A person who becomes invested with the right of another person through some voluntary act of that other person. United States v Colorado… …
