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- In the world of legal documents, the term "custodian" refers to a person who is responsible for managing and protecting something that belongs to someone else.
People also ask
What does custodian mean?
What does a custodian do?
What is the difference between a conservator and a custodian?
What does a custody provider do?
Dec 31, 2023 · What does Custodian mean? A bank or institution that holds securities for safe-keeping and handles administrative arrangements such as collecting coupons and dividends. View the related checklists about Custodian
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- Guardian
- Conservator
- Custodian
Guardians are typically known as the individuals nominated in a Will or by the court to care for minor children when both parents have passed or are unable to care for the children. However, a guardian can also be appointed for an older individual when he or she has become incapacitated or is deemed a “protected person.” In such an instance, a guar...
Similarly, a conservator is a person appointed by the court to manage the estate of a protected person. Oftentimes, when an individual seeks to be appointed the guardian of a protected person they seek to be appointed the conservator as well to tend to and act on behalf of the protected person’s financial affairs. The court may determine it is wise...
Lastly, a custodian is a person who is appointed to manage assets transferred to a minor child when other planning measures are not established, such as a testamentary trust. A minor child cannot inherit assets outright and therefore, typically a testamentary trust is established in an estate plan to receive and protect assets on behalf of a minor ...
Mar 27, 2024 · To choose the best law firm name, brainstorm some law firm names, get third-party opinions, check the domain availability of your chosen name, and consider trademarking your law firm’s name. We’ll cover each of these steps in more detail below.
n. a person with whom some article is left, usually pursuant to a contract (called a "contract of bailment"), who is responsible for the safe return of the article to the owner when the contract is fulfilled.
Custodians, also referred to as custody providers, are financial institutions that retain the securities of clients. They provide protection against threats and the potential for funds to be lost. Custodians hold stocks as well as additional assets within both physical and electronic form on behalf of clients.
