Related Definitions
What is a Co-Trustees?
Two or more individuals or entities appointed to jointly manage a trust.
Two or more individuals or entities appointed to jointly manage a trust. Co-trustees must work together to administer the trust, make investment decisions, and distribute assets according to the trust’s terms. Like co-executors, co-trustees can face legal challenges if they disagree or if beneficiaries claim that the trustees are mismanaging the trust or failing to meet their fiduciary duties.
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