Notice of Proposed Action (noun): When a trustee is concerned about the beneficiaries’ reactions to a proposed action or inaction, they serve a Notice of Proposed Action or Notice of Proposed Inaction to all require individuals. A few of these proposed actions may consist of selling or exchanging real estate, sell or incorporate the decedent’s business, grant an option to purchase real estate, and so on. To read more about Notice of Proposed Action click here.
Words commonly used with this term include:
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