QS Study

A trustee is the Person or organization named in trust agreement by the trustor or a court, as a trusted third party to nominally own, and protect and handle, trust-property for the benefit of one or more beneficiaries in accordance with the terms of the trust agreement. Usually, the trustee is not to formulate any profits, for himself, using the resources of the trust.

DefinitionРA Trustee is an individual person or member of a board agreed to organize or powers of supervision of property in trust with an authorized responsibility to govern it exclusively for the purposes particular. He plays a significant function for businesses and individuals. In many cases, trustees make persuaded that assets held on behalf of individuals or companies are not misused.

Although in the strictest logic of the term a trustee is the holder of assets on behalf of a recipient, the additional liberal logic encompasses persons who serve, for example, on the board of trustees of an organization that operates for a charity, for the advantage of the common community, or a person in the limited direction. They are the individuals who take decisions at the governing body of the charity, apart from of their authentic designation