Trustee Duties
/ˈtrʌsti ˈdutiz/
Definitions
- (n.) The legal and fiduciary obligations imposed on a trustee in managing and administering a trust.
The trustee duties require acting in the best interests of the beneficiaries.
Forms
- trustee duty
Related terms
See also
Commentary
Trustee duties involve prudence, loyalty, impartiality, and good faith; clear drafting of duties helps prevent disputes.
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.