What is a Successor Trustee? A Successor Trustee administers the trust after the Grantor passes utilizing their powers for the benefit of the beneficiaries of the trust. When the creator of a trust dies or becomes incapacitated, a Successor Trustee steps into the role. The successor then administers the trust […]
Legal Terms
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How to Stop Child Support from Taking Tax Refund 2022-2023 How to Stop Child Support from Taking Tax Refund: The best way is to stay current, but there are things you can do to minimize a tax seizure. If you fall behind on child support payments, the government will make […]
Attestation Meaning – What Is Attestation? Attestation Meaning: Witnessing the signing of a legal document and verifying with your signature that the individuals correctly signed it. It is the act of witnessing someone sign a legal document, such as a will or power of attorney, and then signing your own […]
What Is An Asset Protection Trust (APT)? An Asset Protection Trust (APT) is a self-settled Trust intended to shield an estate and assets from creditors, lawsuits, or legal judgments. An asset protection trust (APT) is a type of trust that holds an individual’s assets in order to protect them against […]
What Is Receivership? Receivership is a court-appointed condition placed on a company to protect property controlled by a person sued in court. It is a legal remedy available to secured creditors to recover outstanding amounts in the event the company defaults on its loan payments. Receivership and bankruptcy are not […]
NCIB – What Is a Normal Course Issuer Bid? NCIB – Normal Course Issuer Scheme is a stock buyback program in Canada where a publicly-traded firm repurchases its shares to cancel them. The term NCIB is an acronym for normal course issuer bid. Depending on how the transaction is carried […]