What is a trustee?
A trustee is the person or entity that manages trust assets for beneficiaries.
Why it matters
They have a fiduciary duty to follow the trust and act in beneficiaries’ interest.
Common confusion
The trustee manages; the grantor created it; beneficiaries receive.
Frequently Asked Questions
Can I be my own trustee?
For a revocable living trust, yes, during your life.
Can a trustee be sued?
Yes, for breaching fiduciary duties.
Who picks the trustee?
The grantor names them in the trust document.