Results for tag: "Trustee"

Trustees are legal professionals who are responsible for managing the assets of a trust. They are appointed by the settlor, or creator of the trust, and are responsible for ensuring that the trust is managed in accordance with the settlor's wishes. Trustees are also responsible for ensuring that the trust's assets are managed in a prudent manner and that the trust's beneficiaries receive the benefits of the trust. Trustees are typically appointed by the settlor, but may also be appointed by a court or other legal authority. The trustee market is a highly regulated and specialized area of the legal profession. Trustees must be knowledgeable in a variety of areas, including trust law, taxation, investments, and estate planning. Trustees must also be familiar with the laws and regulations governing trusts in their jurisdiction. Some companies in the trustee market include Trust Company of America, U.S. Bank Trust, Northern Trust, and BNY Mellon. Show Less Read more