Custodianship
/ˈkʌstədiənʃɪp/
Definitions
- (n.) The responsibility of protecting, managing, and safeguarding property or assets for another party.
The trustee has custodianship over the trust's funds.
Related terms
See also
Commentary
Custodianship often implies a fiduciary duty but is typically more limited in scope than trusteeship.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.