The parties named in the trust instrument or plan who are authorized to hold the assets of the plan for the benefit of the participants.
are the legal ‘ownersâ€(tm) of the assets of a trust who hold the assets for the benefit of another person, or group of people (the beneficiaries). Trustees must act in the best interests of the beneficiaries and are responsible for dealing with trust assets in the manner set out in the trustâ€(tm)s constituent document (usually a trust deed).
The Trustees hold on to any assets set out in the Will until the nominated beneficiaries meet certain criteria set out in the Will (e.g. they reach the age of 18). Trustees normally have powers to distribute monies and have full power to sell and invest, etc. When you die, the executors are the trustees of your property which they give to your beneficiaries. If children inherit property it must be held in trust until they reach the age of 18. You may appoint your executors or anyone else you choose as your trustees.
The parties named in the plan or trust documents that are authorized to hold the assets of the plan for the benefit of the participants. The trustees may function merely in the capacity of a custodian of the assets or may also be given authority over the investment of the assets. Their function is determined by the trust instrument or, if no separate trust agreement is executed, under the trust provisions of the plan
Individuals or entities appointed by a Governing Instrument to manage and invest the trust assets.
People named to look after the assets of the estate until they have been distributed. In some instances this role can take many years since the Trustees may need to make decisions regarding the assets of the estate until any children have reached an age (as set out in the Will) when they can inherit in their own right. The Executor(s) are very often also the Trustees
A bank, trust company, or a group of individuals who hold timeshare accommodation (and sometimes leisure facilities) in trust on behalf of the owners and grant owners a right to-use through a license (Ownership Certificate). Trustees provide security for owners in the event that a developer fails financially. Some trustees may have added responsibilities such as ensuring the continuity of the Owners Club.
Trustees are those persons or a corporate body which have been appointed by the settlor of a trust to administer the trust in accordance with it's terms and conditions. The trustees are the legal owners of the trust assets but hold them on trust for the benefit of the beneficiaries.
Trustees of a resort property exist primarily to provide a secure backing in case a resort developer does not succeed financially. In the timeshare world, trustees are a financial institution or group of individuals who hold timeshare properties in trust on behalf of the owners. A timeshare buyer's right-to-use agreement is granted through the trustees through a license, or Certificate of Ownership.
SEBI requires all Mutual Funds to appoint a board of Trustees. They appoint and oversee the operations of the Asset Management Companies to ensure that the interest of investors is always safeguarded.