Estate Planning
Trustee
A trustee is the person or institution responsible for managing the assets in a trust according to the trust document. The trustee must act in the best interests of the beneficiaries. You can name yourself as trustee of your own trust while alive, with a successor trustee to take over when you die or become incapacitated.
In short
A trustee manages the assets in a trust on behalf of the beneficiaries, following your instructions. You can name yourself as trustee while alive, with a backup to take over when needed.
See also
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