Trustee

A trustee is a person or organization legally appointed to manage assets or property for the benefit of another party, known as the beneficiary. This role involves making decisions about the management of the assets, ensuring they are used according to the wishes of the person who created the trust. Trustees have a fiduciary duty, meaning they must act in the best interest of the beneficiaries, with honesty and care. This position is often found in estate planning, charitable organizations, and trust funds, where the trustee takes responsibility for safeguarding and growing the assets for future use.