Trusteeship

Trusteeship is a legal arrangement where a person or entity (the trustee) holds and manages assets or property on behalf of another person or group (the beneficiaries). The trustee has a fiduciary responsibility to act in the best interests of the beneficiaries, managing the assets with care, loyalty, and fairness. This setup ensures that the assets are used according to the owner’s intentions and legal obligations, providing a structured way to protect and distribute properties or funds, often used in estate planning, charitable organizations, and investment management.