Trustee (noun): A person or organization that has been given responsibility for managing someone else’s property or money through a Trust. 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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