Related Definitions
What is a Notice of Proposed Action?
A formal notice given to beneficiaries or interested parties outlining actions the executor or trustee plans to take with the estate.
A formal notification issued by a trustee or personal representative informing interested parties of planned actions related to the estate or trust, such as distributions, sales of property, or significant decisions affecting the trust. Interested parties have the opportunity to respond or object to the proposed action before it is executed, ensuring transparency and communication in estate administration.
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