Trustee

usgb/trʌˈstiː/
noun

A person, company or organization that has control or responsibility for the money or property of another, often given to them in a will.

After her parents' death, she became the trustee of her younger brother's inheritance.
Visual representation of "trustee" - A person, company or organization that has control or responsibility for the money or property of another, often given to them in a will.

Often appears as...

  • appoint a trustee
  • trustee of the estate
Definition 1 of 3
Visual representation of "trustee"
LampPro Tip 1/3

Control and Care

The trustee must manage assets responsibly, as if they were their own, but for someone else's benefit.

Illustration for Control and Care
She takes her role as trustee of the estate very seriously, ensuring the funds are used wisely.
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Legal Responsibility

Trustees are legally obliged to act in the best interest of the beneficiaries.

Illustration for Legal Responsibility
The trustee was meticulous about investments to maximize the inheritance.
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Fiduciary Trust

A trustee's role is about trust; they must be honest and transparent in all dealings.

Illustration for Fiduciary Trust
As the trustee, he provided detailed accounts of how every penny was spent.
Visual representation of the word "Trustee"

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