Trustee

The Trustee is a person who has legal ownership of a property but is actually holding it for the benefit of someone else - the beneficiary.

Being a trustee carries a significant legal responsibility - it means you have entered into a binding promise to hold and administer, honestly and wisely, something which is completely for the benefit of somebody else.

See Also: Mortgage Centre and Mortgage comparison Service for the latest facts and figures.making a will

Last Updated: June 2006 © Moneyextra.com

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