Question Details

	Username: LuckyMan Rating: Asked to: Talitha Taslim Date Created: 03 Aug 2018
Category	28
Tag	Financial
Question	What is a 'Trustee'?

Advice from Guru

Hello LuckyMan,

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 bankruptcy, for a charity, for a trust fund or for certain types of retirement plans or pensions. Trustees are trusted to make decisions in the beneficiary's best interests and often have a fiduciary responsibility to the trust beneficiaries.

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