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- What Is a Trustee? Definition, Role, and Duties - Investopedia
A trustee is a person or organization that has been designated as trustee by the trust grantor (or trustor) and that holds the legal title to an asset or group of assets in the trust
- What is a Trustee - Trustee Duties and Responsibilities - Trust Will
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 Trust per the instructions given Often, the person who creates the Trust is the Trustee until they can no longer fill the role due to incapacitation or death
- Trustee - Wikipedia
Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, refers to anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility for the benefit of another
- Trustee vs. executor: Whats the difference? | Fidelity
Both executors and trustees have legal obligations, but they have different duties in the process of distributing the assets of an estate An executor is responsible for settling a will, while a trustee is responsible for managing and distributing assets in a trust
- trustee | Wex | US Law | LII Legal Information Institute
A trustee is a third party who is authorized by a settlor to execute and manage trust assets 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
- TRUSTEE Definition Meaning - Merriam-Webster
The meaning of TRUSTEE is a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization) How to use trustee in a sentence
- What Is a Trustee and What Do They Do? - LegalZoom
What is a trustee? A trustee is responsible for managing a trust, a legal arrangement that places specific assets under the trustee’s control and ownership While they often play a crucial role in estate planning and distributing assets, trustees can also manage other matters, such as charitable trusts or bankruptcy cases
- Understanding the Role of a Trustee: Responsibilities and Best . . .
What is a Trustee and Why Is This Role So Important? A trustee is an individual or an institution that is legally responsible for managing the assets held in a trust for the benefit of a designated beneficiary
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