trustee

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trustee

A person entrusted to perform a particular task.

trustee

Vox populi A person entrusted to perform a particular task. See Health information.
References in periodicals archive ?
The Corporate Co-Trustee Agreement was a custodial agreement, making Union Bank the custodian of the fund's assets.
b) innocent co-trustees have a right to be indemnified by defaulting co-trustees who receive trust funds for their own use ('personal benefit rule'); (49)
Having two or more trustees can gum up the decision-making process, especially if the co-trustees aren't getting along.
At a later date, when the client was otherwise comfortable with fully distributing the principal (35 in the above example), the plan could allow the beneficiary the right to remove and replace their co-trustee.
When more than one party is named, each is a co-trustee and all make decisions (and bear responsibility for mistakes) jointly.
He said there had been two instances where Ms Cheong practised without a certificate, but he said 'the most serious aspect of the case' was a complaint by the beneficiary of a late relative's estate of which the solicitor was co-trustee.
Later, you can have the adult child assume co-trustee duties so he or she can help make actual decisions.
60) These rather harsh results do not apply if an independent co-trustee is appointed.
The grantor may serve as trustee, or if the grantor does not have the time or experience to manage a trust, he or she may name an experienced person as trustee or co-trustee.
Sometimes, this can place a strain on family relations, so it's a good idea to appoint a co-trustee, someone a bit distanced from the inner circle of family politics and with substantive trustee and investment experience.
He was Einstein's closest friend and adviser, and he spent the past three decades as executor and then co-He spent the past three decades as executor and then co-trustee of the Einstein estate, sacrificing his own profession.
As required by the Indenture (the "Indenture"), dated May 18, 2007, by and among the Company and The Bank of New York Mellon, as successor in interest to The Bank of New York, as Trustee ("Trustee") and the Co-Trustee named therein, the Company offered (the "Offer") to each holder of the Notes ("Holder") the right to sell (the "Put Option"), upon the terms and subject to the conditions set forth in the Indenture, the Notes, for cash, to the Company.