Trustee (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.

2024年6月12日 · Trustees have a fiduciary responsibility to the trust's beneficiary or beneficiaries. This means a trustee must act in the best interests of the beneficiaries to manage their assets. A...

The meaning of TRUSTEESHIP is the office or function of a trustee.

TRUSTEESHIP definition: 1. the position or responsibility of a trustee 2. the position or responsibility of a trustee 3. a…. Learn more.

A trustee is an individual or entity appointed to manage and administer the assets placed in a trust for the benefit of the beneficiaries. Trusts are legal arrangements in which one party, known as the grantor or settlor, transfers assets to a trustee to hold and manage for the benefit of another party, the beneficiary.

TRUSTEESHIP meaning: 1. the position or responsibility of a trustee 2. the position or responsibility of a trustee 3. a…. Learn more.

Trustees should perform their duties from trust instruments , are guided by laws, and their performance should be solely in the best interest of the beneficiary . Using trust assets for their own benefits is forbidden. Meanwhile, if there are multiple beneficiaries, the trustee should act impartially instead of favoring anyone over others.

Trustee responsibilities demand care, diligence, and integrity, serving the trust and its beneficiaries effectively. Serving as a trustee is an honorable responsibility that involves acting in the best interests of the trust and its beneficiaries, adhering to fiduciary duty.

2024年12月31日 · Trustees play a crucial role in managing and safeguarding assets for individuals or organizations. Their responsibilities extend beyond mere oversight; they ensure that the intentions of the trust creator are honored while acting in the best interest of beneficiaries.

While the idea of trusteeship began as a paternalistic debate over how best to treat those whom Europeans considered unprepared to govern themselves, it took on an alternative moral meaning in the nineteenth century.