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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.

Local Elder Law Attorneys in Ashburn, VA

Mindy Felinton

Felinton Elder Law & Estate Planning Centers
Rockville, MD

John Laster

Law Offices of John L. Laster
Falls Church, VA

Evan Farr

Farr Law Firm
Fairfax, VA

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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