Trustees
/ˈtruːstiz/
Definitions
- (n.) Individuals or entities appointed to hold or manage property or assets for the benefit of another under a trust agreement.
The trustees are responsible for managing the trust funds according to its terms.
Forms
- trustee
Related terms
See also
Commentary
Trustees hold a fiduciary duty to act in the best interests of the beneficiaries, which is a critical aspect in trust law.
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.