The person that manages the property put into a trust.
The person who holds the legal title to settled property and who is obliged to deal with the property for the benefit of the beneficiaries.
the person or institution that holds legal title to property in a trust and has responsibility for managing it.
The person responsible for investing trust assets properly as well as administering the trust according to fiduciary laws.
An individual or organization with the legal title to and fiduciary obligation for the assets of another.
One who is entrusted with property for the benefit of another (or creditors).
Person or persons who have been entrusted with managing a trust's assets in the best financial interest of the trust's beneficiaries. Where pensions are concerned, an individual plan member's "trust" is their pension plan benefits. A pension plan's "trust" is the pension plan and the pension fund. Trustees are fiduciaries. They must abide by all laws, rules and regulations governing trustees. They have a duty: to adhere to the terms of the trust and to the law to act personally and not to delegate to act as a prudent person would act, that is, with care to act with loyalty to the trust, that is, to avoid any conflict of interest of impartiality, that is, to act in an even-handed manner to safeguard and invest the assets to inform the beneficiaries, and to pay the proper amounts to the proper beneficiaries.
A person who is entrusted with the management of another's property and estate. A person occupying a fiduciary position. An executor, an administrator, a guardian.
All superannuation funds require a trustee. A trustee can be a company with trustee directors or individuals. The trustee's responsibilities (with respect to a superannuation fund) include ensuring the fund's money is invested appropriately and the rules and regulations contained in the trust deed are adhered to.
The person or institution named by a person making the trust, or appointed by the court, to carry out the terms of the trust.
A private individual or corporation appointed in bankruptcy filings to represent the best interests of the creditors and to ensure the bankruptcy estate is distributed according to law.
a) A person or company that has legal responsibility for financial aspects (receipts, disbursements and investment) of funds; b) A trust company which acts in a capacity of trust as a fiduciary and to whom assets have been conveyed for the benefit of another party. The Trustee in this case oversees the behaviour of the manager in relation to the operation of a unit trust.
An individual or organization designated in a trust document to manage the assets held in the trust for the benefit of the trust's beneficiary or beneficiaries.
An individual or company who holds and administers a sum of money or property on behalf an individual, group or organization. Français: Fiduciaire Español: Administrador fiduciario, fideicomisario
One who holds legal title to a property for the benefit of another, or to secure performance of an obligation.
The fiduciary designated to hold title to real property for the beneht of another.
The trust company, institution, or individual holding and managing the trust property for the benefit of others.
The person or entity which holds the title to a property for the benefit of another, usually a minor. This may involve an individual or company such as a bank or trust company.
A person or a group of persons having an overall supervisory authority over the fund managers. They ensure that the managers keep to the trust deed, that the unit prices are calculated correctly and the assets of the funds are held safely.
(1) One who is appointed, or required by law, to execute trust. (2) One who holds title to real property under the terms of a deed of trust.
Any person(s) or entity named to hold title to and manage the assets of a trust. Often used to refer to a person(s) or entity that has fiduciary responsibility over financial aspects (receipts, disbursements and investments) of a pension fund. This responsibility includes the authority to arrange a contract.
A fiduciary who holds property in trust for another to secure performance of an obligation or act.
A person who holds property on behalf of another. A trustee is required by law to administer the person's property fairly and in their best interests. An Executor or Executrix appointed under a Will is a trustee as he or she holds the deceased's property on behalf of the beneficiaries and creditors of the deceased. A person who is required to hold and invest a child's inheritance until age nineteen is also a trustee of that inheritance for the child. The Will may designate the personal representative, the child's guardian, another person or a trust company as a trustee for this purpose.
The holder of bare legal title in a deed of trust loan transaction.
A person or institution that administers a trust according to the terms of the trust agreement.
A person appointed to manage the property of another.
The person who holds title to the trust property for the benefit of the income recipients and the charitable remaindermen (also called a fiduciary). Sometimes a trust will have more than one class of trustees, each of whom will have different duties and responsibilities. When different trustee classes are required, the trustee with primary responsibility for trust management and administration is called the primary trustee. All other trustees are called special trustees.
this is a person who administers a bankruptcy or Part X administration. It is either a private bankruptcy trustee or ITSA as the Official Trustee in Bankruptcy.
(1) The person who has custody of or control over funds or items for the benefit of another; (2) in a bankruptcy case, a person appointed to represent the interests of the bankruptcy estate and the unsecured creditors. The trustee's responsibilities may include liquidating the property of the estate, making distributions to creditors, and bringing actions against creditors or the debtor to recover property of the bankruptcy estate.
A trustee is a person named to manage a business' assets and work with the business' creditors. ork-On-Hand Reports: A type of financial statements or schedule which lists a contractor's jobs in progress.
An individual or entity who is authorized to hold a property "in trust" for another party.The aim of this process is to ensure that a responsibility is met or a debt paid.
A person holding property on another's behalf
A person (or institution) to whom legal title to property is entrusted to use for another's benefit.
A fiduciary holding property on behalf of another.
A person who is appointed, or required by law, to administer an estate, interest, or power for the benefit of another.
A person(s) or company(ies) responsible for maintaining a trust and its assets. All Savings Plan assets are held in a trust.
An individual or institution that holds assets for the benefit of another.
The person who holds title to the assets of a trust for the benefit of one or more other persons. The trustee is given certain powers by the trust and applicable law to carry out the wishes of the person(s) (grantor(s), settlor(s) or trustor(s)) who created the trust. The trustee has a fiduciary obligation to the trust's beneficiaries. The trustee is subject to strict regulation. Although the trustee has legal title for convenience, the beneficial or equitable title is in fact owned by the beneficiaries. When there is more than one trustee, the trustees are called co-trustees.
The person or party to whom property is conveyed in trust for the benefit of others.
A person or corporation appointed by the Grantor to manage and distribute Trust assets in accordance with the terms and conditions specified in the Declaration of Trust. A Trust may have one or more Trustees (Co-Trustees) who act together.
In legal terms, one who holds legal title to property in order to administer it for a beneficiary.
A person appointed to execute a trust.
a person who holds legal title to money, securities, and/or property for the benefit of another.
One who holds property in trust for another. Attorney hired by a lender to conduct an auction.
The party who holds title to real property in trust for the benefit of another. The trustee´s most common functions are to process a full (when a loan is paid off) or partial (when a portion of the property is being release) and to process of non-judicial foreclosure and process a trustee´s sale.
In this website, used interchangeably with board member or foundation manager. A trustee is one of the persons responsible for a trust, a legal entitity usually established to benefit either a person, family or charitable purpose.
Holds naked legal title to property as a neutral third party where there is a deed of trust (trust deed).
An organization or individual hired by the grantor to manage and conserve his/her property for the benefit of the beneficiaries.
The person or company appointed to administer a trust fund.
an officer of the court who is elected by creditors or appointed by a judge to act as the representative of a bankruptcy estate.
An individual or member of a board given the powers of administration of property in Trust with a legal obligation to administer it solely for the purposes specified.
The person(s) or institutions responsible for the administration of the trust.
The person or company responsible for protecting investments of people who invest in a trust.
Third party responsible for handling the property of another; as in deed of trust or real estate investment trust.
A person appointed to collect funds from the debtor and pay the funds over to creditors over a 3 or 5 year period pursuant to a court approved plan.
The Trustees comprise the Trust and having an overall supervisory authority over the AMC. They ensure that the AMC follow the trust deed, the SEBI regulations and the offer document and the assets of the funds are held safely.
An individual charged by the bankruptcy court to organize and oversee your bankruptcy case.
person who is holding assets on trust ˆ Top of page ˆ
A person or company legally responsible for the property of another. - Ultra Vires - Traditionally, the purpose of a corporation was closely spelled out in its articles of incorporation. If the corporation acted beyond its described purposes these actions were unenforceable against the corporation or by the corporation. However, most modern statutes allow corporate purposes to be any lawful activity. Therefore, the importance of this doctrine has greatly diminished.
The person or persons named in your trust agreement who administer and manage the trust property for the benefit of beneficiaries according to the terms of the trust agreement.
person holding title to a trust
A person who holds title in trust for the benefit of another. In a deed of trust, the trustee is the person named to hold title in trust for the benefit of the lender until the loan is paid off.
Trustee means a person who administers a trust, with all of the powers and duties attendant thereto.
The entity that holds the collateral for a CMO and is responsible for payment collection and disbursement. Trustees are normally commercial banks and are selected by the issuer.
A third party that has been given legal right to hold property in the interest of another.
An individual(s) or company appointed in the trust deed to hold the trust assets on behalf of the beneficiaries. The trustee is responsible for the management of the trust.
The trustee in a trust deed state is an entity holding title to property in trust for the benefit of a lending institution as security for the repayment of the bonds sold by the trustor in order to purchase the real estate in question.
It refers to a person (or company) who holds property in trust for another person (the beneficiary).
A person or company responsible for holding a trust asset and for administering a trust.
A person legally invested with property rights in the interest of another.
The person or institution who manages trust property under the terms of the trust document. With a revocable living trust, the creators of the trust (grantors) are usually the original trustees.
An individual or a trust institution, which holds the legal title to the trust's property.
A person bound to deal with property on behalf of the owners or beneficiaries. The trustee becomes the legal owner when the order appointing him/her as trustee for the land is registered against the title. The beneficiaries are called the beneficial owners.
refers to those individuals elected or appointed to serve in this capacity, or a similar capacity, whether for a full term or a specific record examination. The primary task is to ensure that all union resources are being used for legitimate union purposes as authorized by the membership in accordance with the constitution and bylaws. In addition, they should ensure that the union is properly submitting per capita taxes to its parent body and is complying with legal requirements for financial reporting, record keeping, bonding, and loans.
The person holding property in trust.
Usually an accountant (a qualified insolvency practitioner), a trustee acts for the creditors by managing the trust deed when a debtor agrees to sign over their assets into a trust deed or when they are declared bankrupt.
A person appointed to collect fund from the debtor and pay the funds over to creditors over a three- or five-year period pursuant to a court approved plan.
Person or organization appointed to manage the property according to the trust agreement.
a person to whom another's property or the manage ment of another's property is given in trust
a trustee for natural resources has the responsibility to care for, protect, and restore native organisms and their habitat on behalf of current and future generations of Americans. NOAA is a trustee for natural resources in coastal and marine areas (for example, migratory fish and marine mammals).
The party responsible for preserving and managing the assets of a trust. A Trustee must fulfill a number of express and implied fiduciary responsibilities.
An entity appointed under the terms of the trust deed to hold in trust the assets of its members and to act on their behalf. Generally, superannuation trustees also ensure that all legislative requirements are met and that all financial matters are in order.
The individual or financial institution who holds legal title to property for the benefit of another person. The trustee accepts a fiduciary responsibility to execute the terms of the trust as outlined in the trust deed. back to menu
A court appointed officer empowered to manage and distribute the assets, if any, of a debtor in a bankruptcy proceeding.
A person who holds title to assets that will be used for the benefit of someone else. This person or institution acts as the business manager for trust assets. When choosing a trustee for your trust, look for someone who is financially capable, responsible, and sensitive to your family's needs.
Person selected to manage an organization's funds and cooperate with creditors.
A person or a trust company responsible for administering assets on behalf of someone else. The trustee takes legal title to the trust property and is required to follow the terms of the trust. Settlors may name joint or co-trustees, who exercise equal authority.
As a requirement of the Pensions Act 1995, all pension schemes must have a ‘trustee'. The ‘trustee' is a person or people, who take responsibility for protecting the assets of the scheme and how it is run.
An individual appointed by the Bankruptcy Court who is responsible for the distribution and liquidation of the estate's assets. The Trustee usually plays a key role in many bankruptcies including reviewing the plan of reorganization in a Chapter 13 and recommending approval or changes to the Bankruptcy Court. It is also the Trustee who conducts the Meeting of Creditors hearing and may ask the debtor questions about his/her petition and schedules. The Trustee in a Chapter 7 case makes decisions as to whether or not a debtor has enough nonexempt assets to sell and distribute to creditors.
A person or entity that holds legal title to trust assets and manages the property in a fiduciary capacity for the benefit of the trust beneficiary or beneficiaries.
The trustee is the legal owner of the mutual fund. The trustee takes into custody or under its control all the capital and property of every scheme of the mutual fund and hold it in trust for the unitholders of the scheme.
The person or institution who manages property according to the instructions in the trust agreement.
The person named in a trust document who will manage the property owned by the trust and distribute any income according to the document. A trustee can be an individual or a corporate fiduciary.
A court appointed official who acts as a liaison officer between the debtor and the creditor. His primary function is to act as a disbursement officer. He collects payments from the debtor and distributes the money amongst creditors. In some cases he may even help in valuing assets or creating repayment schedules.
an individual, usually a local attorney, appointed to represent creditors in a bankruptcy proceeding, and responsible for administering the liquidation of assets in Chapter 7, or disbursing payments to creditors under a Chapter 13 Plan.
A person managing property in trust with legal obligation to administer it solely for the purposes specified.
An institution or individual holding assets in trust.
Is the person to whom a trustor transfers property. The trustee is obligated to safeguard, manage, and use the property in accordance with the terms and conditions of the trust.
An individual or institution who is charged by the grantor or settlor with holding, managing, investing, accounting for and distributing property from a trust to the beneficiary or beneficiaries
The person who operates the trust under the terms of the Trust Deed.
a person responsible for the proper and faithful administration of a fund or asset solely for the benefit of identified beneficiaries.
The person (fiduciary) who manages and administers a trust you establish.
A person who holds title in trust on behalf of another.
The person who manages the assets in a trust.
The person who holds property on behalf of another person and is responsible for administering the trust assets.
The person or institution entrusted with the duty of managing finances and property placed in trust either before or after death.
A person holding a right or power and property for another person (the beneficiary).
A trustee may be a corporate trustee (trust company) or an individual as designated in the trust agreement. The trustee is responsible for holding and investing plan contributions and other financial aspects of the plan.
A person or financial institution that manages the property of others.
the office holder with responsibility for supervising a bankruptcy, including the realisation and distribution of assets. The trustee is either the Official Receiver or an insolvency practitioner.
A legal term referring to a person who holds legal title to property in order to administer it for a beneficiary. Back to top of this page
The person or legal entity such as a bank or trust company who receives property and places it in a trust, and manages the trust for the benefit of the beneficiary or beneficiaries in ways consistent with the trust declaration and good business practice.
one who manages property or money for another.
A person or a corporation (such as a bank) who holds legal title to the property of a person and who has the duty to hold and manage the trust for the benefit of both the beneficiaries and the remaindermen.
A person or body corporate bound to carry out the terms of a trust deed for the benefit of beneficiaries.
One who is appointed to control property for the benefit of another
This is a person or group, of persons appointed to manage and safeguard the assets of a trust fund.
Individual, institution or organization that holds the legal title to the Trust property and is responsible to manage and administer the assets of the Trust. A Trustee may be appointed by court, or by the Trustor. It is also possible for two trustees to share duties as co-trustee. This is the capacity in which we act within many roles.
The person or institution who is responsible for holding, managing, and distributing money and other property contributed to the living trust for the exclusive use and benefit of the beneficiary(s).
A party who is given legal responsibility to hold property in the best interest of or "for the benefit of" another. The trustee is one placed in a position of responsibility for another, a responsibility enforceable in a court of law. (See deed of trust).
A trustee performs many of the same responsibilities as the executror, but instead of administering the entire estate, a trustee is designated to administer and distribute the assets from a particular trust you may create. You would want someone (aside from a family friend) like Sky Trust to be the trustee. Sky Trust is a specialist in handling trusts, has no emotional bias, is available for questions, stays current with law changes and ensures your trust account complies with any changes that may occur throughout the years.
A person or entity who holds, for the benefit of the beneficiary, title to property. For example, the Trustee under a deed of trust holds the deed of trust for the lender and is responsible for enforcing the provisions of the deed of trust.
A person appointed to collect the non-exempt assets of the debtor and liquidate them to pay creditors.
One responsible for managing the assets of a pension fund in the best interests of the participants.
The person, organization or institution that will manage your Trust. Be sure to name successor trustees in case the person named initially as your trustee is not able to serve. Otherwise a court will name your trustee and this could be someone you may not want as your trustee.
The person or bank that holds, manages, and distributes trust property pursuant to the terms of a trust.
the court appoints a trustee in every Chapter 7 and Chapter 13 case to review the debtor's schedules and represent the interests of the creditors in the bankruptcy case. The role of the trustee is different under the different chapters. More on trustees.
The person responsible for investing money on behalf of a trust, individual(s).
The institution or individual t is named to hold, manage, and distribute a trust's assets.
The party who holds title to real property in trust for the benefit of another. The trustee's most common functions are to process trustees sale proceedings and to issue a full reconveyance.
An individual or a company which, alone or jointly, becomes the legal owner of property to be administered for the benefit of someone else (the beneficiaries), in accordance with provisions of the document creating the trust and the provisions of trust law generally and, in the case of pension scheme trusts, the Pensions Act. Certain schemes, mainly in the public sector, are not set up under trust. In these cases, the Pensions Act includes the administrators of the schemes in its definition of Trustees.
The court-appointed representative who sees over your assets in a bankruptcy case. In Chapter 7 the trustee is in charge of liquidating your assets. In Chapter 13, the trustee participates in the formation of your new payment plan. up
A person or entity named in a trust agreement to be responsible for holding and administering the trust assets according to the terms of the trust.
See PERSONAL REPRESENTATIVE.
A bank or trust company that holds title to or a security interest in leased property for the benefit of the lessee, lessor, and/or creditors of the lessor. A leveraged lease often has two trustees: an owner trustee and an indenture trustee.
The person or corporate trustee who takes legal title to the trust property and who is required to follow the terms of the trust. The trustee may be a trust company or an individual. Often settlors will name joint or co-trustees, with a trust company managing the property and dealing with the various legal requirements, while an individual advises on discretionary matters on the distribution of funds. Co-trustees have equal authority.
The people appointed and/or elected to ensure that schemes are run in accordance with their trust deed and rules and in line with other regulations.
An individual or company appointed to carry out the purposes of a trust in accordance with the provisions of the trust instrument and general principles of trust law.
A member of an organisation's most senior decision-making body, often known as the Board of Trustees or the Governing Body. Collectively, trustees have responsibility for using all of an organisation's resources.
a person or company to which assets have been entrusted to use for the benefit of another party.
The individual in charge of administering the bankruptcy case. This person is normally a bankruptcy lawyer appointed by the United States Trustee's office.
The person who holds the assets belonging to a trust and who is responsible for the administration of these assets for the benefit of the trust's beneficiaries, in accordance with the directions given by the settler upon creation of the trust.
Person or institution who manages and distributes anotherâ€(tm)s assets according to the instructions in the trust document.
A person acting as a guardian of property who holds, manage and/or uses the property for the benefit of a third party, according to the terms and conditions of the trust. Return to the top
A third party named on deed of trust. The Trustee performs reconveyance or foreclosure functions under the deed of trust. The Trustee is usually a title company or company associated with an escrow, lender or foreclosure company,.
The entity designated to hold titile to real property for the benefit of another.
A third party, a fiduciary who holds property title for the benefit of another.
An Authority assigned by another Authority to act on the assigning Authority's behalf, particularly with regard to a GRS registration. See Public Trustee Service and the DataProtectionTechFaq.
A person holding property in trust. VA Guarantee - An insurance contract in which the Veterans Administration (VA) insures that the named lender will recover a specific percentage of the loan amount from the insurer in the event the loan goes bad.
A lender when a Deed of Trust (instead of a Mortgage) is used as the security for the repayment of a loan or other obligation. See Deed of Trust.
The person under the Bankruptcy and Insolvency Act who administer bankruptcy estates. Usually this person is an accountant and a member of the Canadian Insolvency Practitioners Association.
the person or entity that oversees and manages a trust.
An individual to whom another's property is entrusted.
A legally empowered person who holds or controls a piece of property for another person.
A person who holds legal title to property for the benefit of another; may be either an individual or a company, such as a bank and trust company.
either in bankruptcy - the authorised insolvency practitioner appointed to deal with the estate of the bankrupt; or under a deed of arrangement - the authorised insolvency practitioner appointed to deal with the estate of the person who entered into the deed.
The person who has custody of or control over the funds or other items held in trust.
the individual/institution holding legal title to the trust property.
A person holding property in trust as a fiduciary for the benefit of another.
The entity to which property is conveyed in trust, not to be confused with the beneficiary.
An individual who has legal responsibility to hold property for another person(s).
an individual appointed by the court to supervise and review the debtor's case and administer the assets if necessary.
An individual or agent (such as an attorney or bank trust department) to whom property is entrusted to manage and promises to wisely administer it for the use and benefit of the beneficiary or beneficiaries.
The individual, bank or trust company having fiduciary responsibility for holding plan assets.
The person who manages assets owned by a trust under the terms of the trust document. A trustee’s purpose is to safeguard the trust and distribute trust income to a principal as directed in the trust document. With a simple Probate-avoidance living trust, the person who creates the trust is also the trustee.
Person or institution holding property in trust.
Means the designated trustee under the Trust. The trustees role may include managing the beneficiaries' (i.e. employee ESOP participants) interests in the trust (eg. shares) in accordance with the rules of the plan (trust deed)
Person to whom the management of property is entrusted for the benefit of others
A person holding property in a trust.
A person who assumes the responsibility to administer a trust for the benefit of the beneficiaries of the trust. A trustee is a fiduciary who generally owes the highest duties to the beneficiaries of the trust.
the person who administers your trust. This can be you (as long as you are competent), your spouse, a child, or a professional – or a combination. For tax and administrative reasons, your professional advisor might counsel you to use different trustees for different purposes.
a person to whom an estate is conveyed on trust for another.
A trustee in bankruptcy is either the Official Receiver or an IP who takes control of your assets. The Trustee's main duties are to sell these assets and share the money amongst the creditors.
A person appointed to be in charge of the property of another.
The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. The trustee has a fiduciary responsibility to the beneficiary of the trust.
One who holds the legal title to real or personal property that he/she/it manages for the benefit of another.
Either the official receiver or the insolvency practitioner who will take control of the selling of assets during an IVA or bankruptcy.
A licensed insolvency practitioner appointed to administer the estate of a bankrupt.
Someone who controls or holds someone elseâ€(tm)s property.
The person or institution that manages the property put in trust.
A party who is given legal responsibility to hold and administer property for the benefit of another (the beneficiary). Trustee's are obligated to act in the best interest of the beneficiary.
One named in a will or deed of trust to manage property for the benefit of another.
The third person who holds legal title to property for a special purpose without being the actual owner. A trustee is one of the parties to every trust deed.
The party named in a trust or plan who is authorized to hold the assets of the trust or plan for the benefit of the beneficiaries or participants. (Chase Manhattan Bank acts as the Vista 401(k) trustee.)
Trustee in bankruptcy Truth in lending law
A fiduciary who holds or controls property for the benefit of another.
A trustee is a person who holds money or other property on a trust for the benefit of someone other than himself or herself. For example, the members of the management committee of a charitable unincorporated association are trustees since they hold the association's property on a trust. The directors of a charitable company, however, are not trustees since they do not hold the company's property on a trust. The term is commonly used in the voluntary and community sector to mean the same as a charity trustee. (See charity trustee)
a person appointed to manage property that is held under a trust for the benefit of another person.
A person who holds title to property on behalf of another (a "beneficiary of the trust").
A trustee is a person or company appointed under Trust Deed to: act as a legal representative of the trust hold legal title to trust assets for the beneficiaries and make sure that the trust is conducted in accordance with the provisions of the trust deed and relevant legislation.
The individual or institution entrusted with the duty of managing property placed in the trust. A "co-trustee" serves as trustee with another. A "contingent trustee" becomes trustee upon the occurrence of a specified future event.
Persons, usually the directors of the company which acts as the trustee of a superannuation fund, who are legally responsible for that fund in accordance with applicable legislation and its Trust Deed. See also Director Trustee.
Person or entity authorized by a trust document to handle certain property matters on behalf of another.
Person holding legal title to property in order to administer it for the beneficiary.
A person appointed to administer a Trust.
One who, having legal title to property, holds it in trust for the benefit of another and owes a fiduciary duty to that beneficiary.
An officer of the court appointed to take custody of the assets of a bankruptcy estate.
A trustee is, most of the time, the Servicing company or Title company used during the loan transaction. The trustee is responsible for being a neutral third party during the transaction between borrowers and lenders or to authorize the release of a lien after the beneficiary has signed their release.
The person or persons who take legal title to a trust property and who are required to follow the terms of the trust. The trustee may be a trust company and/or an individual.
Person who holds title in trust for the benefit of another person. Home | Who We Are | Title Insurance | Top of Terminology | Order Sheet | Premium Calculator | Closing Fees | SecurWest | Local Links | Contact Us Security Title Company of Montana 600 South 19th Avenue Bozeman, MT 59718 UNDERLYING FEE: A title concept in which ownership of all interests or estates in real property are less than or inferior to the most absolute interest one can have - that of fee ownership. It lies beneath all the other interests; it is basic, fundamental and implicit.
An individual or institution appointed to administer a trust for its beneficiaries.
A private individual or corporation appointed in bankruptcy filings who represents the interests of both the debtor and creditors.
One who acts in a capacity of trust as a fiduciary and to whom property has been conveyed for the benefit of another party.
A person or company that has legal responsibility for financial aspects (receipts, disbursements and investments) of funds; A trust company which acts in a capacity of trust as a fiduciary maintaining ownership over assets on behalf of the beneficiaries. In the case of a unit trust, the trustee oversees the activities of the manager.
A trustee is similar to a board member. He or she administers a trust, which is a piece of property or an organization entrusted to someone with instructions for its use.
This is a designated company on a deed of trust that is empowered to execute and record legal documents on behalf of the mortgage company.
A person who holds and manages assets for the benefit of beneficiaries.
Party with responsibility to delegate and administer assets for the benefit of others.
The person who supervises the trust assets and pays the beneficiaries.
The holder of legal title to property for the management, use or benefit of another.
The person(s) charged with managing the assets of a trust under the terms and conditions of the trust document. They are a fiduciary.
The individual or corporation who in a trust has bare legal title to the assets and has the power given in the trust to carry out the wishes of the person or persons (settlor or trustor) who created the trust. The trustee has a fiduciary obligation to the trust's beneficiaries. The trustee is subject to strict regulation. Although the trustee has legal title for convenience, the beneficial or equitable title is in fact owned by the beneficiaries. When there is more than one trustee, the trustees are called co-trustees.
One who is holding legal title to an account, directs the investment of the funds in the account and has management responsibilities.
1. An organization or individual who has responsibility for one or more accounts, 2. An individual who, as part of a fund's board of trustees, has ultimate responsibility for a fund's activities. value investing: An investment strategy that seeks companies with an estimated value that is not reflected in their market price.
The person or institution responsible for managing a trust according to its terms.
A party who administers property for the benefit of the beneficiary, such as the intermediary between a borrower and a bond owner, a bank or title company under a trust agreement, or the third-party holder of the deed under a deed of trust.
(1.) One who holds legal title to property for the benefit of another person and who is required to carry out specific duties with regard to the property. (2.) One, as a corporate director, occupying a position of trust and performing functions comparable to those of a trustee, such as a church trustee or NAMB trustee.
A person appointed to hold property upon trust for another. Trustees have a duty to act in good faith, which means they cannot enrich themselves at the expense of their beneficiaries.
A person holding asset(s) on behalf of another person and is responsible for administering the trust assets.
A trustee is someone who holds property in trust.
The person or institution responsible for the administration of a trust.
The individual who is responsible for managing the property in the trust for the benefit of the beneficiary.
A person who is elected to help supervise the operations of a pension fund. Is roughly the equivalent of a director of a corporation.
One who holds legal title to Trust assets, managing and distributing those assets in accordance with the terms and conditions specified in the Declaration of Trust. A Trustee may be an individual or a bank or a trust company licensed to serve as a Trustee. A Trust may have one or more Trustees (Co-Trustees) who act together.
The person designated to make all the decisions about the money and property in the trust.
A fiduciary that controls or holds real property for the benefit of another.
The party appointed to supervise the operations of the investment of assets held by the trust and to invest for the mutual benefit of the members.
A company, or individuals, appointed in the trust deed to hold the trust assets and to be responsible for the management of a trust.
In bankruptcy, a trustee is a person appointed by a bankruptcy court to supervise the affairs of person in bankruptcy, determine both assets and debts, gather and manage the assets if necessary, and report to the court. Most trustees in bankruptcy are full-time professionals and are paid from the estates of the debtors.
The party(ies) responsible for managing a retirement plan’s assets for the benefit of the participants.
An elected union official whose duty is to monitor the finances of a local union, joint council, conference, or international union. Also, an official appointed by the Independent Review Board or General President of the International Union to manage a local union in trusteeship.
An individual or entity who manages assets for the benefit of another person. The trustee has a fiduciary duty to act in the best interest of the beneficiary at all time.
The person or company acting in a fiduciary capacity managing and administering trust assets for the benefit of one or more beneficiaries.
A private individual or corporation appointed in bankruptcy filings who represents the interests of the creditors in the bankruptcy estate.
The person holding property rights for the benefit of another through the legal mechanism of a trust, usually having full management and administration rights over the property. These rights must always be exercised to the full advantage of the beneficiary and all profits from the property go to the beneficiary, and a trustee can be held responsible for any mismanagement of the trust's assets. The trustee is entitled to reimbursement for administrative costs and there is no legal impediment for a trustee to be a beneficiary of the same property.
A person who is named in a deed of trust or other mortgage to conduct any foreclosure proceedings and sell the property to pay off the mortgage loan balance.
The person or person who look after the property that is held in trust. The trustee is not allowed to do anything with the property unless the Will allows it and the Trustee owes duties to the beneficiary concerned.
The representative of the bankruptcy estate who exercises statutory powers, principally for the benefit of the unsecured creditors, under the general supervision of the court and the direct supervision of the U.S. trustee or bankruptcy administrator. The trustee is a private individual or corporation appointed in all chapter 7, chapter 12, and chapter 13 cases and some chapter 11 cases. The trustee's responsibilities include reviewing the debtor's petition and schedules and bringing actions against creditors or the debtor to recover property of the bankruptcy estate. In chapter 7, the trustee liquidates property of the estate, and makes distributions to creditors. Trustees in chapter 12 and 13 have similar duties to a chapter 7 trustee and the additional responsibilities of overseeing the debtor's plan, receiving payments from debtors, and disbursing plan payments to creditors.
One who holds legal title to property in trust for the benefit of another person and who is required to carry out specific duties with regard to the property, or who has been given power affecting the disposition of property for another's benefit.
The person who, or institution which, manages the Trust and its property under specific instruction.
One who as agent for others handles money or holds title to their land.
The individual or financial institution managing the assets of a living trust.
A person totally independent of the settlor who has the fiduciary responsibility to the beneficiaries to manage the assets of the trust as a reasonable prudent business person would do in the same circumstances. Shall defer to the trust protector when required in the best interest of the trust. The trustee reporting requirements shall be defined at the onset and should include how often, to whom, how to respond to instructions or inquiries, global investment strategies, fees (flat and/or percentage of the valuation of the trust estate), anticipated future increases in fees, hourly rates for consulting services, seminars and client educational materials, etc. The trustee may have full discretionary powers of distributions to beneficiaries.
The fiduciary holding title to property for the benefit of another.
A person in whom the legal ownership of property is vested for the benefit of another (the cestui que trust).
Quite apart from its common usage (e.g. under the Trustee Act 1925) this is a term used for a variety of insolvency appointments, including the licensed insolvency practitioner appointed in an English bankruptcy; a Scottish sequestration; a deed of arrangement; a Scottish trust deed and an administration order (of the affairs of a deceased director).
One who holds property in trust for another to secure the performance of an obligation.
Person appointed to oversee the completion of a bankruptcy filing.
A neutral third party appointed in a deed of trust to handle the non-judicial foreclosure process in case of default. It is also a person who is appointed to manage a trust on behalf of the beneficiaries.
An appointed person or organization that manages the contents of a trust.
The person who has been given the authority to manage and carry out the terms of a trust agreement.
A person or institution responsible for the management and distribution of property held in a trust. The trustee has the authority to act according to the instructions provided in the will or trust agreement. Ward A person who has been declared legally incompetent. See conservatorship.
The person or entity who administers the assets in a trust agreement. This person holds legal title to the assets in the trust and must abide by the instructions outlined in the trust document.
See our Governance page. A member of the governing body of a charity (or pension fund or other position where resources are held in trust). The board of trustees could also be known as management committee, board of directors (if also a limited company).
A trustee is a person named to manage a business' assets and work with the business' creditors. To Top
person(s) holding and administering property or monies in a trust fund for others.
This is a person or a company appointed to carry out what the trust must do. They must follow the laws that apply to trusts .
A fiduciary named in a Will or trust agreement to be responsible for property to be managed and used for the benefit of a beneficiary.
The trustee in bankruptcy is either the official receiver or an insolvency practitioner who takes control of the assets.
one who has a fiduciary obligation with respect to another's property, with a duty to faithfully act solely for the benefit of the owner. A director is a trustee of the cooperative's and members' assets.
A trustee is appointed in Chapter 7 and Chapter 13 bankruptcy cases to review the debtor's schedules, manage payments, and generally represent the interests of the creditors in the bankruptcy case. The role of the trustee is different under different bankruptcy chapters.
The person or company that has the legal responsibility to ensure that the trust or superannuation fund is operated in accordance with the trust deed.
The person who holds legal title to the assets of a trust. The trustee is responsible for managing and investing the assets of the trust and makes distributions to the beneficiaries. The trustee must follow the instructions in the trust document.
A person who controls legal title to a property under a trust agreement.
A person or persons appointed to oversee the care and appropriate distribution of assets in a trust.
An individual or organization which holds or manages and invests assets for the benefit of another.
One who manages assets of a trust under the terms of the trust document.
The person designated to safeguard the assets and properly distribute them, according to the terms of the trust.
The individual or institution with the responsibility of managing assets placed in a trust.
A trustee is a person who administers a trust in accordance with the terms of the trust agreement.
the person or entity named to carry out the instructions contained in the trust document. The trustee also holds legal title to the trust property
An organisation or individual that serves as the fiduciary for one or more individual accounts. The trustee is authorised to act on behalf of the accounts.
That person appointed to execute a trust. The trustee is selected to manage the trust property for the benefit of another.
A person or company that controls ownership of a property for the benefit of another party. In the case of a deed of trust, the trustee holds the property title for the lender, and is responsible for enforcing the terms of the deed of trust.
A bank designated by the issuer as the custodian of funds and official representative of bondholders. Trustees are appointed to ensure compliance with the trust indenture and represent bondholders to enforce their contract with the issuers.
Person or institution agreeing to accept and manage property according to the provisions of the trust agreement.
The individual or institution with responsibility for management of property placed in trust for the benefit of another individual.
Person or institution that oversees and manages a trust.
All trusts have a trustee who monitors the trust's activities on behalf of the beneficiaries.
As it applies to real estate, the party or entity given the right to hold property for another. In a Trust Deed state, the Trustee has the "right of sale" of the property when notified by the Beneficiary (the lender), that the Trustor (the borrower) is in default on the note secured by the Deed of Trust.
The legal title holder and controller of funds in a trust account established for the benefit of another according to a trust agreement.
A party that is given legal responsibility to hold an item, property or money in the interest of another.
A person or company that is legally responsible for the financial aspects of funds.
is a person or company appointed under the terms of the trust deed to hold the trust property for the beneficiaries and to make sure that the trust is operated in accordance with trust deed.
A person or organisation with a duty to receive, manage and disburse the assets of a plan
The individual or bank managing the assets of the living trust.
The person who has legal ownership of a property but is holding it for the benefit of someone else the beneficiary.
The fiduciary nominated by the testator or settlor or appointed by the court to administer the trust properly.
The person or persons who control and manage a TRUST.
an agent of the court who manages the property of the debtor for the benefit of the creditors. The court appoints a trustee in most Chapter 7 cases and in Chapter 11 cases when it determines that the debtor's management should not remain in control. This type of trustee should be distinguished from the U.S. Trustee, who plays an administrative role in all bankruptcy cases.
A person holding property in trust. return to the top of the page
A person named in a Trust document who will manage property owned by the Trust and distribute the Trust income or property/assets according to the terms of the Trust document. A Trustee may be an individual or a business, such as a bank.
Institution (bank or other) which administers the securitisation transaction, manages the inflow and outflow of moneys and does all acts needed for protecting the investors rights.
person charged with looking after property under trust
someone who is legally responsible for looking after funds or a property for someone else
One who holds property in Trust for another. In Virginia, you may hold title to real property as Trustee without revealing the Beneficiary's identity provided, the Deed you receive grants you full trust powers to deal with the property.
For bondholders, usually a trust company appointed to protect the security behind the bonds and to make certain that all convenants of the trust deed relating to the bonds are honoured.
An individual or organization that is given legal responsibility to manage assets in the best interest of, or for, the benefit of another.
As the agent for the beneficiary, it is the one who holds legal title to a property in trust to secure the performance of an obligation. The trustee holds naked title to the property.
Holds the mortgage collateral documents, issues the Certificates of Beneficial Ownership (securities) and passes all funds collected by the master servicer to the certificate holders. Distributes statements on distributions and status reports on the collateral. Acts as a supervisor to the master servicer and special servicer. Ensures that the servicers act in accordance with the terms of the Pooling and Servicing Agreement. If there is a violation of the agreement, the trustee has the right to assume the authority or to appoint a new servicer. The Trustee represents the Trust that holds the legal title to the collateral for the benefit of all class holders of the security. It must carry out its duties according to the indentures established within the Trust Indenture. Some Trustees actually collect the proceeds from the Master Servicer and distribute them to the certificate holders while some Trustees sub-contract the distribution to " paying agents ". This sub contract does not release the Trustee from its legal obligations to protect the interests of the certificate holders.
The person who holds property rights for the benefit of another through the legal mechanism of the trust. A trustee usually has full management and administration rights over the property but these rights must always be exercised to the full advantage of the beneficiary. All profits from the property go to the beneficiary although the trustee is entitled to reimbursement for administrative costs. There is no legal impediment for a trustee to also be a beneficiary of the same property.
A trustee is a person or entity named to manage a business' assets and work with the business creditors.
(1) A person who, having legal title to property, holds it for the benefit of another; (2) in a bankruptcy case, a person appointed to represent the interests of the bankruptcy estate and the unsecured creditors. The trustee's responsibilities may include liquidating the property of the estate, making distributions to creditors, and bringing actions against creditors or the debtor to recover property of the bankruptcy estate.
Legally empowered person to whom another's property or the management of another's property is entrusted.
A bank designated by an issuer of stocks or bonds that acts as the custodian of funds and official representative of the stock or bondholders. Trustees are appointed to assure that stockholders and bondholders have representation to enforce the contractual obligations of the issuer.
The person designated as the trustee in the deed of trust or appointed under RCW 61.24.010(2) who holds legal title to property "in trust" for the benefit of another person (beneficiary). This person must carry out specific duties with regard to the property.
One who holds legal title to property for the benefit of another, or for the purpose of securing performance of an obligation. Trust Indenture. A legal document now used by most lenders in place of a mortgage. The lender holds title to the property in trust for the borrower until the loan is paid in full.
A legally empowered party in a trust that holds title to the property for the benefit of the beneficiary.
The word trustee is a legal term that refers to a holder of property on behalf of some other beneficiary. In older legal documents and cases, a trustee is sometimes referred in legal French as a cestui que trust (traditionally pronounced: "set-tee ker trust"). A trust can be set up either to benefit particular persons, or for any charitable purposes (but not for non-charitable purposes): typical examples are a will trust for the testator's children and family, a pension trust (to confer benefits on employees and their families), and a charity.