Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-migrate-db domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /srv/app/gotoiba-dev/htdocs/web/wp-includes/functions.php on line 6121
We have a trust account here, and the trustee has asked to add an authorized signer to the trust. Is that allowed? – IBA Compliance Connection

We have a trust account here, and the trustee has asked to add an authorized signer to the trust. Is that allowed?

by

We do not recommend allowing an authorized signer on the trust unless the trust agreement specifically authorizes the individual to hold that power. If a trustee has signing power, the trustee cannot delegate that power to another individual; the Trusts and Trustees Act prohibits trustees from delegating to others “the performance of any acts involving the exercise of judgment and discretion,” unless the trustee is delegating an investment function and complying with the requirements for delegating investment functions.  760 ILCS 5/5.1. Though, the trustee may delegate any powers to a co-trustee. 760 ILCS 5/4.10.