Trust Management
/ˈtrʌst ˈmænɪdʒmənt/
Definitions
- (n.) The administration and oversight of a trust's assets and affairs by a trustee according to the terms of the trust instrument and fiduciary duties.
Effective trust management ensures the beneficiary's interests are protected according to the settlor's intent.
Forms
- trust management
Related terms
See also
Commentary
Trust management requires adherence to fiduciary obligations and detailed knowledge of trust terms; precision in drafting trust instruments helps clarify management scope.
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.