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1. What Is a Trustee? Definition, Role, and Duties - Investopedia
investopedia.com
Link: https://www.investopedia.com/terms/t/trustee.asp
Description: WEBFeb 29, 2024 · A 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...
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2. Trustee Definition & Meaning - Merriam-Webster
merriam-webster.com
Link: https://www.merriam-webster.com/dictionary/trustee
Description: WEBThe 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). How to use trustee in a sentence.
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3. What is a Trustee - Trustee Duties and Responsibilities - Trust & Will
trustandwill.com
Link: https://trustandwill.com/learn/trustee-definition
Description: WEBA Trustee is a person who acts as a custodian for the assets held within a Trust. He or she is responsible for managing and administering the finances of a Trust per the instructions given. Often, the person who creates the Trust is the Trustee until they can no longer fill the role due to incapacitation or death.
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4. Trustee - Wikipedia
wikipedia.org
Link: https://en.wikipedia.org/wiki/Trustee
Description: WEBTrustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility for the benefit of another.
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5. What Is a Trustee and What Are Their Responsibilities? - SmartAsset
smartasset.com
Link: https://smartasset.com/estate-planning/trustee
Description: WEBMay 30, 2023 · Written by Ashley Kilroy. A trustee is an individual appointed to administer assets or property for the benefit of a third party. A trustee could be appointed for the purpose of bankruptcy, a charity or certain kinds of retirement plans, but the most common is …
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6. What Is a Legal Trust? Common Purposes, Types, and Structures
investopedia.com
Link: https://www.investopedia.com/terms/t/trust.asp
Description: WEBMar 16, 2024 · A trust is a fiduciary relationship in which a trustor gives another party, known as the trustee, the right to hold title to property or assets for the...
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7. What Is a Trustee? - NerdWallet
nerdwallet.com
Link: https://www.nerdwallet.com/article/investing/estate-planning/what-is-a-trustee
Description: WEBJul 13, 2023 · A trustee is the person, bank or trust company in charge of handling the assets from a trust and transferring them to its beneficiaries. These assets might be transferred during the grantor’s (or...
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8. trustee | Wex | US Law | LII / Legal Information Institute
cornell.edu
Link: https://www.law.cornell.edu/wex/trustee
Description: WEBA 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 with trust property, trust intent, and definite beneficiaries.
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9. TRUSTEE Definition & Meaning | Dictionary.com
dictionary.com
Link: https://www.dictionary.com/browse/trustee
Description: WEBnoun. a person to whom the legal title to property is entrusted to hold or use for another's benefit. a member of a board that manages the affairs and administers the funds of an institution or organization. Discover More. Word History and Origins. Origin of trustee 1. First recorded in 1640–50; trust + -ee. Discover More. Example Sentences.
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10. What Is a Trustee? Definition, Role, and Duties | LiveWell
livewell.com
Link: https://livewell.com/finance/what-is-a-trustee-definition-role-and-duties/
Description: WEBFeb 11, 2024 · A trustee is a person or entity appointed to manage and administer assets for the benefit of others. They play a vital role in financial planning, especially in the establishment of trusts. A trust is a legal arrangement where assets …