Co-Trustees (noun): A person or organization that has been given responsibility for managing someone else’s property or money through a Trust along with another person or organization. There are different types of trusts, including Totten Trusts, Special Needs Trusts, Testamentary Trusts, Living Trust, and many others. The type of trust will determine the exact actions a Trustee must take in order to perform their job.
Words commonly used with this term include:
- Totten Trust
- Testamentary Trust
- Living Trust
- Special Needs Trust
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