Definitions for "Trustees"
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.
a friend of Peter Derham, who is a driving instructor and when Margaret explained to him that we needed a duel-controlled car, he was only too happy to offer his services
Keywords:  duty, charity, best, citizen, congress
the board of four government officials and two citizen representatives that manages the Social Security Trust Funds. They report every year to Congress on the state of the funds.
are 'the people having the general control and management of the administration of a charity' (Charities Act 1993). Members of the management committee of a charity are therefore trustees. Charity trustees have certain duties under charity law. The general rule is that they must always act in the best interests of the charity.
representatives who see their job as using their best judgment when voting.
Keywords:  escrow, agents, common, term
A common term for escrow agents.
Keywords:  resource, natural, see
See natural resource trustees.