Real Estate Glossary

What is Trustee?

A trustee is an individual or entity that is responsible for managing and administering a trust. A trust is a legal agreement that allows for the management and distribution of assets for the benefit of another person or entity, such as a beneficiary. The trustee is responsible for managing the assets in the trust, making investment decisions, and distributing the assets according to the terms of the trust. A trustee can be an individual, a bank, or a professional trustee company.