A trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee may be appointed for a wide variety of purposes, such as in the case of bankruptcy, for a charity, for a trust fund, or for certain types of retirement plans or pensions. Trustees are trusted to make decisions in the beneficiary's best interests and often have a fiduciary responsibility, meaning they act in the best interests of the trust beneficiaries to manage their assets. A trustee is any type of person or organization that holds the legal title of an asset or group of assets for another person, referred to as the beneficiary.Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.

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