Trustee
A person or entity authorised to administer trust property and carry out trustee duties under the trust deed and applicable law.
Definition
A trustee's authority depends on the trust deed and written authority from the Master. Trustee questions often involve fiduciary duties, resolutions, banking authority, accounting, conflicts of interest, beneficiary communication, tax records, and whether decisions were made by the correct trustees in the correct way.
Key takeaways
A person or entity authorised to administer trust property and carry out trustee duties under the trust deed and applicable law.
Trusts
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Related legal problems
This glossary provides general information only and does not constitute legal advice.
Common situations
Trustee authority issue
Trustee duty dispute
Trust accounting problem
FAQs
Trustee FAQs
What does Trustee mean?
A person or entity authorised to administer trust property and carry out trustee duties under the trust deed and applicable law.
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