May
16
Offshore terms: The trustee
Filed Under Uncategorized
Definitions of trustee on the Web: A person or institution to whom legal title to property is entrusted to use for another’s benefit The trustee is the person or corporate body into whose ownership the assets are transferred. The duty of the trustee is to ensure the wishes of the settlor are carried out and the beneficiary’s interests are protected. The trustee can be removed or replaced by a new trustee if for any reason it is deemed appropriate.
Key terms: Offshore trustee, offshore legal title
