NOTICE OF CLAIM (Multiple Trustees) 2025

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  1. Click ‘Get Form’ to open the NOTICE OF CLAIM (Multiple Trustees) in the editor.
  2. Begin by filling in the details of each Trustee, including their full legal names and addresses. Ensure that all information is accurate and complete.
  3. In the 'Claim' section, specify the total principal amount owed by Mascot, along with relevant details such as start date, repayment due date, and interest rate for each debt security held.
  4. Attach any required documentation, such as original deposit certificates or acknowledgments that evidence your holdings. Use our platform's upload feature for convenience.
  5. Complete the statutory declaration section before a qualified individual. This step is crucial for validating your claim.
  6. Review all entries for accuracy before submitting. Once satisfied, send the completed form to the designated address provided in the instructions.

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You should have at least two trustees but can choose up to four.
Co-trustees must work together to manage the trust. They need to agree on decisions, such as selling property or making distributions. If the trust allows, they may divide tasks. For example, one trustee handles finances while the other manages communication with beneficiaries.
The trustee(s) (there may be more than one) of a trust may be a person or a company (the latter is known as a corporate trustee). In either case, the trustee must be legally capable of holding trust property in their own right. The trustee holds the trust property for the benefit of the beneficiaries.
What is the 5 x 5 Rule? Broadly explained, the 5 x 5 rule for trusts refers to a relatively common provision that allows a beneficiary to withdraw either 5 percent of the trusts value or $5,000 annuallywhichever is greater.
Several months after the filing of your case, you will receive a document called the Trustees Notice of Intent to Pay Claims. This document lists all the creditors in your plan and discloses whether or not a claim has been filed.
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