A representative who is performing the role of a trustee is known as a “trustee.” A trustee can be an individual or any other entity that has been appointed to manage and take care of property for another person. The most common use of trustees today, however, deals with estates and trusts.
“Estate planning” refers to the act of creating legal documents (such as wills) before death in order to keep assets within one’s family line. “Trusts” are often used because they help protect assets from taxes while simultaneously providing income-earning potential for those managing them on behalf of others (or themselves).
A trustee can be an individual or any other entity that has been appointed to manage and take care of property for another person. The most common use of trustees today, however, deals with estates and trusts. Estate planning refers to the act of creating legal documents (such as wills) before death in order to keep assets within one’s family line. Trusts are often used because they help protect assets from taxes while simultaneously providing income-earning potential for those managing them on behalf of others (or themselves). The process begins by choosing a “trustee.” This is typically someone you trust who will have control over your affairs after you die; it doesn’t need to be blood related, but should ideally live nearby so they can respond quickly.
