§ 18-4-1 Application of cy pres doctrine
§ 18-4-2 Powers of trustees
§ 18-4-3 Arbitration
§ 18-4-4 Power of sale
§ 18-4-5 Effect of trustee’s receipt
§ 18-4-6 Conveyance by infant trustee
§ 18-4-7 Disposition of money payable to infant trustee
§ 18-4-8 Settlement of debts and claims – Assent of court
§ 18-4-9 Powers of surviving fiduciaries
§ 18-4-10 Management powers exercised with court approval
§ 18-4-11 Purposes for which borrowing authorized
§ 18-4-12 Leases authorized
§ 18-4-13 Parties to management proceedings – Guardians ad litem – Costs
§ 18-4-14 Binding effect of authorized transactions
§ 18-4-15 Definitions
§ 18-4-16 Payments or transfers to fiduciaries – Effect of misapplication by fiduciary
§ 18-4-17 Transfer of negotiable instrument by fiduciary
§ 18-4-18 Check drawn by fiduciary payable to third person
§ 18-4-19 Check drawn by and payable to fiduciary
§ 18-4-20 Deposit in name of fiduciary
§ 18-4-21 Deposit in fiduciary’s personal account
§ 18-4-22 Administration of trusts
§ 18-4-23 Charitable remainder trusts
§ 18-4-24 Termination of small trusts
§ 18-4-25 Consolidation or division of trusts
§ 18-4-26 Powers of fiduciaries in connection with environmental laws
§ 18-4-27 Validity of trusts
§ 18-4-28 Trustee’s power to adjust
§ 18-4-29 Total return unitrusts – Alternative definition of income
§ 18-4-30 Representation by person having substantially identical interest
§ 18-4-31 Power to invade principal in trust
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Terms Used In Rhode Island General Laws > Chapter 18-4 - Powers of Fiduciaries

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Donor: The person who makes a gift.
  • Executor: A male person named in a will to carry out the decedent
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiduciary: A trustee, executor, or administrator.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Inter vivos: Transfer of property from one living person to another living person.
  • Irrevocable trust: A trust arrangement that cannot be revoked, rescinded, or repealed by the grantor.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Marital deduction: The deduction(s) that can be taken in the determination of gift and estate tax liabilities because of the existence of a marriage or marital relationship.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Personal property: All property that is not real property.
  • Probate: Proving a will
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Remainderman: One entitled to the remainder of an estate after a particular reserved right or interest, such as a life tenancy, has expired.
  • Statute: A law passed by a legislature.
  • Testator: A male person who leaves a will at death.
  • Trustee: A person or institution holding and administering property in trust.