Trusteeship
/ˈtruːst.iˌʃɪp/
Definitions
- (n.) The position or office of a trustee, involving the holding and managing of property or assets for the benefit of another.
The trusteeship ensured the property's management aligned with the benefactor's wishes.
Forms
- trusteeships
Related terms
See also
Commentary
Trusteeship often implies a fiduciary responsibility and must be clearly defined in legal documents to avoid conflicts.
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.