Trusteeship

usgb/trʌˈstiːʃɪp/
noun

The position or responsibility of a person (a trustee) who manages property for someone else.

She accepted the trusteeship of the property.
Visual representation of "trusteeship" - The position or responsibility of a person (a trustee) who manages property for someone else

Often appears as...

  • accept trusteeship
  • under trusteeship

Usage tips

Formal

Legal

Definition 1 of 3
Visual representation of "trusteeship"
LampPro Tip 1/3

Legal Responsibility

Trusteeship involves serious legal obligations to protect and manage assets fairly.

Illustration for Legal Responsibility
He held trusteeship over the estate, ensuring it was used as the will specified.
LampPro Tip 2/3

Not Ownership

A trustee manages the property without owning it, working for the benefit of others.

Illustration for Not Ownership
Despite her trusteeship, she couldn't use the house for personal gain.
LampPro Tip 3/3

Acting for Beneficiary

A trustee must always act in the best interest of the beneficiary, not themselves.

Illustration for Acting for Beneficiary
His trusteeship demanded he invest the funds prudently.
Visual representation of the word "Trusteeship"

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