Concerning Grantor Trust Trustee Sample Clauses

The "Concerning Grantor Trust Trustee" clause defines the powers, duties, and responsibilities of the trustee in a grantor trust arrangement. It typically outlines the trustee's authority to manage trust assets, make distributions, and act on behalf of the trust in accordance with the grantor's instructions or the trust agreement. For example, the clause may specify the trustee's ability to invest trust property or handle tax matters. Its core practical function is to ensure clarity regarding the trustee's role, thereby preventing disputes and facilitating smooth trust administration.
Concerning Grantor Trust Trustee 
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Related to Concerning Grantor Trust Trustee

  • Owner Trustee This Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as Owner Trustee of the Grantor. In no event will U.S. Bank Trust National Association in its individual capacity or a beneficial owner of the Grantor be liable for the Grantor’s obligations under this Agreement. For all purposes under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the Trust Agreement.