noun A person or organization that has been given the responsibility to manage and oversee assets or property on behalf of others.
In real estate transactions, a trustee may hold title to property on behalf of beneficiaries.
A trustee is a person who holds property in trust for another person or persons.
A trustee can be appointed to manage assets or funds on behalf of a beneficiary.
Trustees are responsible for overseeing the management and operations of educational institutions.
Trustees play a key role in governing and overseeing the activities of nonprofit organizations.
Trustees are often named in wills to oversee the distribution of assets to beneficiaries.
A trustee may be appointed to manage the finances and assets of a writer who is unable to do so themselves.
In the field of psychology, a trustee may be designated to oversee a trust fund set up for the benefit of mental health research or treatment programs.
A financial advisor may act as a trustee for a client's trust fund, making investment decisions and managing assets on their behalf.
A lawyer may serve as a trustee for a client's trust, ensuring that the terms of the trust are carried out according to legal requirements.