What does trustee-beneficiary relation mean?
Definitions for trustee-beneficiary relation
trustee-ben·e·fi·cia·ry rela·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word trustee-beneficiary relation.
Princeton's WordNet
trustee-beneficiary relationnoun
the responsibility of a trustee to act in the best interests of the beneficiary
ChatGPT
trustee-beneficiary relation
A trustee-beneficiary relation is a legal relationship in which a trustee holds and manages assets on behalf of a beneficiary. This relationship typically arises in the context of a trust, where one party (the settlor) transfers certain assets to a second party (the trustee). The trustee then has a fiduciary duty to manage those assets for the benefit of a third party (the beneficiary). The trustee is legally obligated to act in the best interests of the beneficiary, guided by the terms of the trust. This can involve tasks such as investing assets, managing property, or distributing income.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of trustee-beneficiary relation in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of trustee-beneficiary relation in Pythagorean Numerology is: 2
Translations for trustee-beneficiary relation
From our Multilingual Translation Dictionary
- relación fideicomisario-beneficiarioSpanish
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"trustee-beneficiary relation." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/trustee-beneficiary+relation>.
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