The responsibility of the trustee is that of a(n):
A) fiduciary.
B) executor.
C) administrator.
D) beneficiary.

Question

Quizplus · Accepted Answer

A trustee is a fiduciary, meaning they have a legal and ethical obligation to act in the best interest of the beneficiaries of the trust. They are entrusted with managing and protecting the assets of the trust and making decisions that will benefit the beneficiaries. Executors and administrators are typically responsible for managing the estates of deceased individuals, while beneficiaries are the individuals who receive assets from a trust or estate.

The Responsibility of the Trustee Is That of A(n)