Trustee's Right to Delegate Clause Samples
The Trustee's Right to Delegate clause allows a trustee to assign certain duties or responsibilities to third parties or agents. In practice, this means the trustee can hire professionals such as investment managers, accountants, or legal advisors to carry out specific tasks related to the administration of the trust, provided such delegation is reasonable and in the best interests of the beneficiaries. This clause helps ensure that the trust is managed efficiently by enabling the trustee to seek expert assistance where necessary, thereby reducing the risk of mismanagement and ensuring that complex or specialized tasks are handled appropriately.
Trustee's Right to Delegate. The Trustee may vote all stock held hereunder in person or by such person or persons (excluding any Beneficiary) as it may from time to time select as its proxy or proxies. The Trustee may employ or use the services of accountants, attorneys, or any other qualified personnel to assist it or its agents to carry out any of the duties undertaken pursuant to this Agreement.