Trust Administration
/ˈtrʌst ædmɪnɪˈstreɪʃən/
Definitions
- (n.) The legal process of managing and overseeing the assets held in a trust in accordance with the terms set by the trust instrument and applicable law.
The trustee is responsible for trust administration, ensuring the beneficiaries receive their distributions as specified.
Forms
- trust administration
- trust administrations
Related terms
See also
Commentary
Trust administration requires careful adherence to the trust's terms and legal standards to avoid breach of fiduciary duty.
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.