Difference between Trustee and Custodian?

Answer

There are two main differences between a trustee and a custodian. First, a trustee manages assests, and a custodian is where the assets are being held. Second, a trustee can make managerial decisions regarding the assets, but a custodian can not.
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The trustee must make investment decisions that are in the best interest of the beneficiaries. The beneficiaries can sue the trustee if the trustee makes an irresponsible decision
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A custodian is always a person; one who has charge of something (a caretaker) of a minor child's estate or an absentee landlord's property. The custodian does not hold title to the
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The. custodian. is the entity responsible for safekeeping client assets. A. broker. provides trade execution services. For most brokerage accounts, the brokerage firm also serves
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Janitors will come in and clean things up. Custodians are
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Ask.com Answer for: difference between trustee and custodian
What Is the Difference Between a Trustee & a Custodian?
A trustee manages assets for the beneficiaries of a trust, estate or other party. A custodian is the organization that actually holds the assets. A trustee can leave the assets in the custody of a bank or other institution. The bank secures the assets,... More »
Difficulty: Easy
Source: www.ehow.com
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