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Trustee (or the holding of a trusteeship) 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, authority, or a position of trust or responsibility for the benefit of another.
- Trust (law)
The trustee is the legal owner of the assets held in trust...
- Trust (law)
Feb 29, 2024 · A trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee may be appointed for various purposes, such as in the case of bankruptcy,...
In law a trust is a relationship where property is held by one party for the benefit of another party. A trust is created by the owner, also called a "settlor", "trustor" or "grantor" who transfers property to a trustee. [1] The trustee holds that property for the trust's beneficiaries. [1]
Trustee, in Anglo-American law, a person in whom title to property held in trust is vested and who performs the acts of trust administration. Some of the more common powers of trustees are to sell assets, make investments, collect and distribute income, make leases, or carry on the business of the creator of the trust.
Mar 15, 2024 · A trustee is a person or entity appointed to manage assets and property on behalf of others. There are different types of trustees, including: Individual trustees: An individual who manages the trust and its assets. Corporate trustees: A trust company or bank that manages the trust and its assets.
Apr 22, 2024 · Acting as a trustee, or deciding whom to appoint as trustee, is largely governed by the intrinsic rules of common sense and cautious decision-making. However, the specific rules associated with trust formation can vary from jurisdiction to jurisdiction.
