Word: Trustee
Definition: A trustee is a person or organization that is given the responsibility to manage property or money for another person's benefit. This means they must take care of the property or money and make decisions about it, following the wishes of the person who owns it.
Usage Instructions: - Use "trustee" when you are talking about someone in charge of managing funds, property, or assets for someone else. - It is commonly used in legal, financial, and charitable contexts.
Example Sentence: - "After her grandfather passed away, she became the trustee of his estate, responsible for managing his money and property for her family."
Advanced Usage: - In legal contexts, a trustee may have specific duties and powers defined by a trust agreement or a court. They have a fiduciary duty, which means they must act in the best interests of the beneficiaries.
Word Variants: - Trust (noun): The relationship or agreement that allows someone to manage property or money for another. - Trustee (noun): The person managing the trust. - Trustee's (adjective): Something that relates to the trustee or their duties.
Different Meanings: - In a broader sense, a "trustee" can also refer to a member of a board that governs an organization, such as a school or a charity.
Synonyms: - Administrator - Custodian - Guardian - Steward
Idioms and Phrasal Verbs: - There aren't many idioms specifically involving "trustee," but you might hear phrases like "in good hands," which implies that someone is trustworthy and will take care of something properly.
Summary: A trustee is an important role, especially in legal and financial situations. They are trusted to manage and protect the interests of others, ensuring that their wishes are respected.