18 thg 9, 2022 · Trustee: 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 ...

trustee: [noun] 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). one (such as a corporate director) occupying a position of trust and performing functions comparable to those of a trustee.

trustee definition: 1. a person, often one of a group, who controls property and/or money for another person or an…. Learn more.

Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility to transfer the title of ownership to the person named as the new owner, in a trust instrument, called a ...

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.

trustee. n. a person or entity who holds the assets (corpus) of a trustee for the benefit of the beneficiaries and manages the trust and its assets under the terms of the trust stated in the Declaration of Trust which created it. In many "living trusts" the creator of the trust (trustor, settlor) names himself/herself (or themselves) as the ...

A trustee is an individual or institution with legal authority to manage the trust property and assets on behalf of the settlor to benefit the beneficiary. They have complete control over the trust assets until they get transferred to the beneficiary. The administration of assets goes as per the directions of the trust. The settlor establishes a trust under a trust agreement with a person or …

20 thg 4, 2020 · The trustee has the power to vary the conditions of the sale of trust property or even rescind such sale. He also has the power to re-sell the same property. If in such recession and re-sale, if any loss occurs, the trustee is not liable for the same. Power to manage investments.

The trustee(s) (there may be more than one) of a trust may be a person or a company (the latter is known as a corporate trustee). In either case, the trustee must be legally capable of holding trust property in their own right. The trustee holds the trust property for the benefit of the beneficiaries.

Corporate Office. SBICAP Trustee Company Limited. Mistry Bhavan, 4th Floor, 122 Dinshaw Vachha Road, Churchgate, Mumbai - 400 020. 022 4302 5555. 022 4302 5500.