What is a trustee?
A trustee is a fiduciary, which means he or she holds a position of trust and confidence and is subject to strict responsibilities and very high standards. For example, the trustee cannot use your trust's assets for his or her own personal use or benefit without your explicit permission. Instead, the trustee must hold and use trust assets solely for the benefit of the trust's beneficiaries.
During your lifetime you and your spouse will be the Grantor’s and the Trustees. Once something happens to both of you the next trustees will start serving. Both spouses can have the same trustees or completely different trustees.
Examples of Common Trustee Appointed by clients:
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