Answer: Role played by elected repressentatives who listen to constituents opinions
and then use their best judgment to make the final decision
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A trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee may be appointed for a wide variety of purposes such as in the case of...
Trustee definition is - a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization).
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A Trustee is a person who acts as a custodian for the assets held within a Trust. He or she is responsible for managing and administering the finances of a Trust per the instructions given. Often the person who creates the Trust is the Trustee until they can no longer fill the role due to incapacitation or death.
Successor trustees only begin to act when the trustee of a trust dies or becomes unable to manage financial affairs due to incapacity. If you have been named as a trustee you may already be acting in this capacity. In either case it is important that you understand your duties and responsibilities. Let's start with some...