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What Is a Trustee?

  • November 27th, 2017

trustA trustee is the person or institution appointed to manage a trust. A trust is a legal arrangement through which a trustee holds legal title to property for another person, called a "beneficiary." The trust document will name the trustee.

Being a trustee is a big responsibility. Trustees must act in the best interests of the trust beneficiaries at all times. A trustee's duties include locating and protecting trust assets, investing assets prudently, distributing assets to beneficiaries, keeping track of income and expenditures, and filing taxes.

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For an overview of a trustee's duties, click here

For the dos and don'ts of being a trustee, click here

For information on how to choose your trustee, click here.  

 

 

 

 


Last Modified: 11/27/2017

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