trust·ee
trust·ee/ˌtrəˈstē/
noun
an individual person or member of a board given control or powers of administration of property in trust with a legal obligation to administer it solely for the purposes specified.
synonyms: administrator, agent, custodian, keeper, steward, depositary, executor, executrix, fiduciary, feoffee
People also ask
What is the role of a trustee?
Is a trustee the same as a beneficiary?
What does it mean when someone makes you a trustee?
Is a trustee the same as an owner?
What Is a Trustee? Definition, Role, and Duties - Investopedia
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A trustee is a person or firm that holds or administers property or assets for the benefit of a third party.
May 31, 2024 · trusteed; trusteeing. transitive verb. : to commit to the care of a trustee. intransitive verb. : to serve as trustee.
A trustee holds the title of the trust asset. A trustee is a requirement of an express trust along with trust property, trust intent, and definite beneficiaries ...
May 30, 2023 · A trustee is an individual – typically a lawyer, accountant or family member – responsible for administering the wishes of the grantor for the ...
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A Trustee is a person who acts as a custodian for the assets held within a Trust. He or she is responsible for managing and administering the finances of a ...
Trustee is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, ...
TRUSTEE | definition in the Cambridge English Dictionary
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a person or organization legally chosen to work alone or as part of a group to manage money or property for others: The pension ...
A trustee is a person who takes responsibility for managing money or assets that have been set aside in a trust for the benefit of someone else. As ...
A trust is a legal arrangement. The creator passes legal title to their property to a trust that a third party, the trustee, manages on behalf of its ...
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The trust property is held by the trustee, who manages the trust property for the benefit of the beneficiaries in accordance with the terms of the trust.