Related Definitions
What is a De-Facto Trustee?
A person who assumes the role of trustee without formal appointment, often informally managing trust property or duties.
An individual or entity that assumes the responsibilities of a trustee without being formally appointed or named in a trust document. A de-facto trustee may take on the role by managing trust assets or making decisions regarding distributions. This situation can lead to legal complexities, especially if the actions of the de-facto trustee are contested by beneficiaries or if there is a dispute over the legitimacy of their authority.
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Related Articles
Insights and advice on trust and probate estate litigation from our blog.
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