What Does Trustee Mean In Estate Planning?

What Does Trustee Mean In Estate Planning?

Person or institution that will manage assets, distribute assets and take care of administrative matters of the trust according to the terms of the document.

Example Of Trustee In Regards To Estate Planning

My brother was serving as the trustee of my dad’s trust after he died, but he recently named our local bank to serve in that position because the job was too much for him.

Kelley Scrocca, LLM
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