trustee responsibilities

A trustee is responsible for managing assets or a trust on behalf of beneficiaries, acting in their best interest. This involves making sound decisions, ensuring the trust’s purpose is fulfilled, and handling assets prudently. Trustees must follow the trust’s terms, stay unbiased, and avoid personal gain. They also have a duty to keep accurate records, provide transparent accounts, and act honestly and loyally. Overall, trustees are fiduciaries who must prioritize the beneficiaries' needs and ensure the trust is administered properly and ethically.