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Trustee (or the holding of a trusteeship ) 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, also a trustee can be a person who is allowed to do certain tasks but not able to gain income. Although the strictest sense of the term is the holder of property on behalf of a beneficiary , the more expansive sense encompasses persons who serve, for example, on the Board of Trustees for an institu
A trust can be set up either to benefit particular persons, or for any charitable purposes (but not generally for non-charitable purposes ): typical examples are a will trust for the testator 's children and family, a pension trust (to confer benefits on employees and their families) and a charitable trust. In all cases, the trustee may be a person or company , whether or not they are a prospective beneficiary.
Trustee is a legal term for a holder of property on behalf of a beneficiary. Trustee , trusty , trustees , trustee system , trusty system , and related terms and phrases containing the homophones "trustee" or "trusty" or the plural forms of these two words, refer to a very wide variety of disparate concepts:
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