trustee

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trustee

A person entrusted to perform a particular task.
Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.

trustee

Vox populi A person entrusted to perform a particular task. See Health information.
McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
In both cases, the court found, the co-trustees should have made the identical factual disclosure that the note was "virtually worthless" due to the finances of Ms.
The Corporate Co-Trustee Agreement was a custodial agreement, making Union Bank the custodian of the fund's assets.
(a) co-trustees who reasonably rely on the advice of a solicitor-trustee are entitled to an indemnity from the solicitor ('solicitor-trustee rule'); (48)
Jean Dodds, DVM, a world-renowned veterinary research scientist and practicing clinician, serves as co-trustee of The Rabies Challenge Fund.
Paul Gallagher, a co-trustee of Riverview Realty Trust, which has an agreement to sell the property to the supermarket chain, said at the time that Stop & Shop would have priority over the subdivision plans if the company decides to go forward.
[] For married couples, when one spouse passes away, it is common for the surviving spouse to serve as a co-trustee with a professional adviser or professional trustee.
One method of transferring control to the beneficiary would be to allow the beneficiary to act as a co-trustee at a certain age (say 25), thereby allowing him or her to become more involved with the administration of the trust, and perhaps understanding how to deal with the wealth and the family's advisors.
Ferris adds that a corporate death trustee should be appointed to execute the RLT (or be named a co-trustee if the surviving spouse is also a trustee), thereby avoiding potential conflicts arising from situations where a child from a prior marriage is designated a co-trustee.
If the same person is both the grantor and the trustee (or co-trustee) or if one or both spouses are grantors and one or both spouses are trustees or co-trustees, Form 1041 is not required.
However, you'll also name a successor trustee or a co-trustee. "If you become unable to manage your own affairs," says Miller, "your co-trustee or successor trustee can take over control of the trust assets."
Perhaps you have a client who is a surviving spouse with some degree of dementia and is a co-trustee with another person?
At that time we served as the custodial trustee for several thousand retirement plans and as custodial co-trustee for about 1000 individual trusts.