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Simple English definitions for legal terms

trustee

Read a random definition: baby-snatching

A quick definition of trustee:

A trustee is someone who is chosen by another person to take care of their money or property. The trustee has to follow the rules that the person who chose them made, and they have to make sure that they use the money or property in the best way possible for the person who will get it later. The trustee can't use the money or property for themselves, and they have to be fair to everyone who will get the money or property later. If the trustee can't do their job anymore, someone else will be chosen to take their place.

A more thorough explanation:

A trustee is a person or entity who is given the responsibility to manage and take care of assets that are held in a trust. The trustee is appointed by the person who created the trust, known as the settlor, and is responsible for carrying out the wishes of the settlor as outlined in the trust document.

For example, if a wealthy individual creates a trust to provide for their children's education, they may appoint a trustee to manage the assets in the trust and ensure that the funds are used for educational purposes only.

Trustees have a legal obligation to act in the best interests of the beneficiaries of the trust. This means that they must manage the assets prudently, avoid conflicts of interest, and act impartially if there are multiple beneficiaries. Trustees must also keep accurate records of their management of the trust assets.

If a trustee is unable or unwilling to carry out their duties, a successor trustee may be appointed by the court to take their place.

trust res | trustee in bankruptcy

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Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
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