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- nountrustees (plural noun)
- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee is often designated by the original owner of the assets, called the trustor.www.investopedia.com/terms/t/trustee.aspThe meaning of TRUSTEE is a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization).www.merriam-webster.com/dictionary/trusteeA trustee is a person who is appointed to administer the affairs of a company or other organization. Often such an organization will have a group, or a board, of trustees. A trustee can also be a person who holds the title to a property for someone else.www.dictionary.com/browse/trusteetrustee noun /trʌˈstiː/ /trʌˈstiː/ a person or an organization that has control of money or property that has been put into a trust for somebodywww.oxfordlearnersdictionaries.com/definition/engli…
Trustee Definition & Meaning - Merriam-Webster
The meaning of TRUSTEE is a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization). …
What Is a Trustee? Definition, Role, and Duties - Investopedia
See more on investopedia.comA trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee may be appointed for various purposes, such as in the case of bankruptcy, certain types of retirement plans or pensions, or to manage assets for someone like a minor. Trustees have a fiduciary responsibil…Trustee - Wikipedia
Trustees have certain duties (some of which are fiduciary). These include the duty to:
• Carry out the expressed terms of the trust instrument. Trustees are bound to act in accordance with the terms of the trusts upon which the trustee holds trust property, and commit a breach of trust by departing from the terms of the trust…Wikipedia · Text under CC-BY-SA license- Estimated Reading Time: 10 mins
Trustee - Definition, Meaning & Synonyms - Vocabulary.com
A trustee is someone who is responsible for another person's money or property. Trustees sometimes oversee investment accounts or make sure a property is being taken care of.
TRUSTEE definition and meaning | Collins English Dictionary
A trustee is someone with legal control of money or property that is kept or invested for another person, company, or organization. The trustees of your pension fund decide which fund …
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TRUSTEE | English meaning - Cambridge Dictionary
TRUSTEE definition: 1. a person, often one of a group, who controls property and/or money for another person or an…. Learn more.
TRUSTEE Definition & Meaning - Dictionary.com
A trustee is a person who holds or manages property or affairs for someone else, or a member of a board that oversees an organization. Learn the origin, usage and related words of trustee …
Trustee legal definition of trustee - TheFreeDictionary.com Legal ...
An individual or corporation named by an individual, who sets aside property to be used for the benefit of another person, to manage the property as provided by the terms of the document …
Trustee Definition & Meaning | Britannica Dictionary
TRUSTEE meaning: 1 : a person or organization that has been given responsibility for managing someone else's property or money through a trust; 2 : a member of a group that manages the …
Trustee - definition of trustee by The Free Dictionary
Define trustee. trustee synonyms, trustee pronunciation, trustee translation, English dictionary definition of trustee. a person who is given control of another’s property: He is the trustee of his …
trustee noun - Definition, pictures, pronunciation and usage notes ...
Definition of trustee noun from the Oxford Advanced Learner's Dictionary. a person or an organization that has control of money or property that has been put into a trust for somebody. …
trustee | Wex | US Law | LII / Legal Information Institute
A trustee is a third party who is authorized by a settlor to execute and manage trust assets. A trustee holds the title of the trust asset. A trustee is a requirement of an express trust along …
What Is a Trustee? - FindLaw
Nov 26, 2024 · A trustee is a person who manages a trust on behalf of the grantor and for the best interest of the beneficiaries. Trustees have a fiduciary duty or legal obligation to make …
What is a Trustee - Trustee Duties and Responsibilities - Trust
The simplest Trustee definition is: the named person who manages a Trust’s assets. The most important aspect of the role of Trustee is ensuring one acts in the best interest of the Trust.
Understanding Trustee Types and Responsibilities - Independent …
What Is a Trustee? A trustee is a person or organization that manages a trust. They have a fiduciary responsibility to handle the trust in the best interests of the trust beneficiaries.
TRUSTEE | definition in the Cambridge English Dictionary
TRUSTEE meaning: 1. a person, often one of a group, who controls property and/or money for another person or an…. Learn more.
Trustee Definition & Examples - Quickonomics
Sep 8, 2024 · A trustee is an individual or organization that holds or manages and administers property or assets for the benefit of a third party. Trustees are fiduciaries, meaning they have a …
Trustee of a Trust | Definition, Duties, & How to Choose One
Mar 6, 2024 · A trustee is an individual or organization responsible for managing the assets placed in a trust. The trustee performs this role on behalf of a grantor, the person who created …
What Is a Trustee? Roles and Responsibilities - Chime
Jun 20, 2024 · A trustee is a person or firm trusted to manage a person’s money or assets set aside for the benefit of someone else. Trustees are expected to make decisions in the best …
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