Keyword Analysis & Research: trustee definition

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What is the true meaning of trustee?

Trustee. A trust is an arrangement in which one person holds the property of another for the benefit of a third party, called the beneficiary. The beneficiary is usually the owner of the property or a person designated as the beneficiary by the owner of the property. A trustee may be either an individual or a corporation.

What is the difference between a trustee and a grantor?

Grantor is a synonym of trustor. As nouns the difference between grantor and trustor. is that grantor is (label) a person who grants something while trustor is (legal) a person who creates a trust.

What does being a trustee mean?

Trustee is a legal term which, in its broadest sense, can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another.

What does the name trustee mean?

A trustee is any type of person or organization that holds the legal title of an asset or group of assets for another person, referred to as the beneficiary. A trustee is granted this type of legal title through a trust, which is an agreement between two consenting parties.

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