What Is a Trustee? Definition, Role, and Duties - Investopedia
WEBJun 12, 2024 · 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 Definition & Meaning - Merriam-Webster
WEBThe 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.
What is a Trustee - Trustee Duties and Responsibilities | Trust & Will
WEBA 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.
Trustee - Wikipedia
WEBTrustee (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.
What Is a Trustee and What Is Their Responsibilities? - SmartAsset
WEBA trustee is an individual appointed to administer assets or property for the benefit of a third party. A trustee could be appointed for the purpose of bankruptcy, a charity or certain kinds of retirement plans, but the most common is a trust.
What Is a Trustee and What Do They Do? - LegalZoom
WEBAug 1, 2024 · A trustee is a person or entity (like a bank or company) who manages property or assets on behalf of another party. Although the trustee is the legal owner of the trust assets, they’re obligated to act in the best interests of those they represent. Here are a few examples of what a trustee oversees: Family trusts.
What Is a Trustee? - NerdWallet
WEBJul 13, 2023 · A trustee is responsible for managing and distributing the assets in a trust. They keep their financial assets separate from those they manage within the trust.
TRUSTEE Definition & Meaning | Dictionary.com
WEBWhat does trustee mean? A trustee is a person who is appointed to administer the affairs of a company or other organization. Often such an organization will have a group, or a board, of trustees. A trustee can also be a person …
What Is a Trustee? - FindLaw
WEBJul 4, 2024 · A trustee plays an important role in estate planning. Learn about vocable and irrevocable trusts, trustors, and more at FindLaw.com.
What Is a Trustee? - The Balance
WEBJul 11, 2022 · A trustee is a person who manages someone else’s property or assets. Learn more about what a trustee is, the different types, and the duties common to all of them.
Skip to content