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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
- 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 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? - FindLaw
A trustee is a person who manages a trust on behalf of the grantor and for the best interest of the beneficiaries Trustees have a fiduciary duty or legal obligation to make decisions in the best interest of the beneficiaries
- What Is a Trustee and What Are Their Responsibilities? - SmartAsset
A trustee is an individual or entity responsible for managing assets held in a trust on behalf of a third party A trustee could be appointed for the purpose of bankruptcy, a charity or certain kinds of retirement plans, but a trust is the most common type of entity that requires a trustee
- 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
- 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
- Trustee of a Trust | Definition, Duties, How to Choose One
What Is a Trustee? A trustee is an individual or organization responsible for managing the assets placed in a trust The trustee performs this role on behalf of a grantor, the person who created and funded the trust
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