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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Q&A Related to "Difference between Trustee and Custodian?"
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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Janitors will come in and clean things up. Custodians are
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A custodian is a general term for someone entrusted to take care of a property; a janitor is entrusted to take care of a property specifically in the capacity of cleaning and removing
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1 Additional Answer
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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