2024年6月12日 · A trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee is often designated by the original owner of the assets, called the...

Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility for the benefit of another.

A Trustee is a person who acts as a custodian for the assets held within a Trust. He or she is responsible for managing and administering the finances of a Trust per the instructions given. Often, the person who creates the Trust is the Trustee until they can no longer fill the role due to incapacitation or death.

The meaning of TRUSTEE is a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization). How to use trustee in a sentence.

2024年12月25日 · A trustee is an individual or entity responsible for managing assets on behalf of another party within a trust. This role involves overseeing investments and distributing assets to beneficiaries while adhering to legal and ethical obligations.

2025年1月31日 · What is a trustee? A trustee is responsible for managing a trust, a legal arrangement that places specific assets under the trustee’s control and ownership. While they often play a crucial role in estate planning and distributing assets, trustees can also manage other matters, such as charitable trusts or bankruptcy cases.

2023年3月27日 · There are five general duties of the Trustee – to be prudent, to carry out the terms of the Trust, to be loyal to the Trust, to give the Trust their personal attention and to account to the...

A trustee is a third party who is authorized by a settlor to execute and manage trust assets . A trustee holds the title of the trust asset. A trustee is a requirement of an express trust along with trust property , trust intent , and definite beneficiaries .

2024年10月15日 · Learn about the fiduciary duties of parties that manage a trust, including loyalty, prudence, and impartiality, and what happens if a duty is breached.

2024年11月26日 · A trustee is a person who manages a trust on behalf of the grantor and for the best interest of the beneficiaries. Trustees have a fiduciary duty or legal obligation to make decisions in the best interest of the beneficiaries.