Trustee is a legal term which, in its broadest sense, can refer to any person who
holds property, authority, or a position of trust or responsibility for the benefit of
another. ... The trustee may ...
If you have been named as a trustee or successor trustee for someone's trust, you
... However, as trustee, you are ultimately responsible to the beneficiaries for ...
The interest the trustee holds for the beneficiaries. Fiduciary: A person or
institution who manages money or property for another and who must exercise a
All trustees bear a fiduciary responsibility to the beneficiaries of a trust. The
trustee is required to manage the trust assets in accordance with the wishes of
However, especially where the representative is also a beneficiary, family battles
... to Heuer, it exceeded its role as trustee and breached its duty of impartiality.
Jun 21, 2013 ... The role of trustee does not come into being unless the estate includes a trust—a
... Trusts exist in order to benefit and protect beneficiaries.
The person who chose you considered you trustworthy and responsible,
someone ... With most living trusts, the settlor is also the first trustee and
There a number of duties an executor or estate trustee is responsible for
completing. ... Executors owe a duty of care to an estate and its beneficiaries.
Claims in ...
Beneficiary - A person for whose benefit a will or trust was made; the person who
... as an executor or trustee, you will be held responsible for understanding and ...
A Trustee acts as a fiduciary to the beneficiaries and as such is to exercise a high
.... That responsibility often involves the Trustee's decision as to how to allocate ...