TRUSTEE

What is the Trustee?

What is the Trustee?

Confidence in the legal mechanism through which one person (or institution such as a bank or law firm), called a "trustee," holds title to the property of another person, called a "beneficiary." If you have been appointed as trustee of trust, it is a strong vote of confidence in the justice and fairness. Unfortunately, it is also a big responsibility. Below is a brief overview of their responsibilities:

Fiduciary responsibility

As guardian, you are standing in a "fiduciary" role with respect to the trust beneficiaries, as the current beneficiaries and any "remaindermen" they gain the ...