Trustee
/ˈtruːsti/
Definitions
- (n.) An individual or entity that holds and manages property or assets for the benefit of another, typically under a trust agreement.
The trustee is responsible for managing the trust's assets in the best interest of the beneficiaries.
Forms
- trustees
Related terms
See also
Commentary
Trustees have fiduciary duties and must act prudently and loyally when managing trust property.
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.