Trustee

Resource type: Glossary item

Status: Maintained

Jurisdictions: England, Wales

Once property has been transferred under a trust (www.practicallaw.com/A37116) to the trustees by the settlor (www.practicallaw.com/A36924), the trustees become the legal owners of the trust property. Thus trustees, unlike directors (www.practicallaw.com/A34876) of a company, deal with the property themselves not on behalf of or authorised by the trust.

In general, any individual, company or other corporation may be appointed as a trustee.

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  • Resource ID: 8-107-7419
  • Products:  IP&IT, PLC Glossary, PLC Magazine (UK), PLC UK Commercial, PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Employment, PLC UK Environment, PLC UK Finance, PLC UK Law Department, PLC UK Pensions, PLC UK Private Client, PLC UK Property, PLC UK Public Sector, PLC UK Share Schemes & Incentives
  • This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.
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