WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

	Enter your search terms Submit search form
	Web www.wordnet-online.com

Definitions from WordNet

Definitions from the Web

Trustee-Beneficiary Relation

Description: The trustee-beneficiary relation refers to a legal relationship established through a trust agreement, where a trustee is appointed to manage and administer assets or property on behalf of a beneficiary or beneficiaries.

Sample Sentences:

1. John established a trust fund, appointing his sister as the trustee to ensure a strong trustee-beneficiary relation.
2. The trustee-beneficiary relation is built on trust and the fiduciary duty of the trustee towards the beneficiaries.
3. In a trustee-beneficiary relation, the trustee has the legal obligation to act in the best interest of the beneficiaries.
4. Lucy's lawyer advised her to clearly define the terms of the trustee-beneficiary relation in the trust agreement.

Possible Related Products:

• Trustee Handbook
• Trust Law Books
• Estate Planning Guides