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What Is a Trustee?

By Robin Hartill, CFP – Updated Jun 5, 2025 at 1:37AM

Key Points

  • Trustees manage assets for beneficiaries, ensuring decisions benefit them, not trustees' personal interests.
  • Trustees must follow the trust's instructions, e.g., managing investments and providing financial updates.
  • Beneficiaries can seek legal action against trustees for breaches of duty or malfeasance in managing the trust.
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