Trustee is a legal term which, in its broadest sense, can refer to ... Corporate
trustees, typically trust departments at large banks, often have very narrow duties,
limited to those the trust ...
Understanding the Duties and Responsibilities of a Trustee and what you will ... If
you have been named as a trustee or successor trustee for someone's trust, ...
Dec 11, 2014 ... As a trustee, you stand in a "fiduciary" role with respect to the beneficiaries of the
trust, both the current beneficiaries and any "remaindermen" ...
Traditionally, a trustee had more latitude in delegating routine “ministerial”
functions of the trust, while personally performing duties that involved using ...
Terms: Trustee: The trustee is the person or entity (e.g., a bank or other
corporation) who holds legal title to the trust property. Res/trust property: The
Jun 21, 2013 ... A trustee's job can last a lot longer. The role of trustee does not come into being
unless the estate includes a trust—a discrete legal “container” ...
Responsibilities of a Trustee. Basically, a trustee is charged with the
responsibility of managing the trust assets for the sole benefit of the beneficiaries.
Often, the trustee only meets with the person who establishes the trust. This
raises the question of how trustees can possibly fulfill their fiduciary
When you are the trustee, your job is to manage trust assets and distribute them
as the trust document directs. Your actual duties will vary enormously depending
Trustee - An individual or bank or trust company that holds legal title to ... in the
area of trusts and estates to assist them in performing their duties properly.