Definition of «trustee»

A trustee is a person or institution appointed to hold and manage property, assets, or funds on behalf of another. They are responsible for managing and protecting the assets in their care and making decisions that align with the goals set by the beneficiary. Trustees may be given legal authority to make decisions about the property they hold, and they must act in good faith and with due diligence.

Usage examples

  1. The board of directors appointed John as a trustee to manage the organization's finances and ensure prudent use of funds.
  2. The company's retirement plan was overseen by a group of trustees who monitored the investment strategy and ensured the plan's long-term sustainability.
  3. The wealthy entrepreneur entrusted his estate and assets to a trustee to handle the distribution of wealth to his beneficiaries according to his wishes.
  4. The university appointed a trustee to represent the interests of students and to advocate for their rights and concerns during board meetings.
  5. In a bankruptcy case, a trustee is responsible for overseeing the liquidation of assets and the fair distribution of funds to creditors.
  6. The charitable foundation appointed a trustee to review grant applications and determine which projects align with their mission and values.
  7. As a trustee, she was responsible for managing the land trust, ensuring conservation efforts and protecting natural habitats for future generations.
  8. The company's employee pension fund was managed by a team of trustees who made investment decisions and communicated financial updates to retired workers.
  9. A family trust was established, with one family member acting as a trustee to manage and grow the assets for the benefit of future generations.
  10. The university's endowment fund was entrusted to a group of trustees who worked diligently to invest the funds and generate income to support various programs and scholarships.

Sentences with «trustee»

  • Provide notice of the replication application to the local board of trustees in which the charter school will be located for informational purposes only. (sccharter.org)
  • I have acted as trustee of several high profile trusts. (ssklaw.com)
  • To find out more about eliminating your debts, please contact a licensed bankruptcy trustee for a no charge initial consultation. (bankruptcy-canada.com)
  • (see all sentences)
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