| 释义 |
trustee
n. A person having a nominal title to property that he holds for the benefit of one or more others, the beneficiaries (see trust). Trustees may be individuals or corporate bodies (see trust corporation) and can include such specialists as judicial trustees, custodian trustees, and the Public Trustee. A trustee must show a high standard of care towards his beneficiaries, and must not allow his interests to conflict with those of his beneficiaries. He is not entitled to profit from the trust, although a professional trustee is authorized to receive remuneration for his services under part V of the Trustee Act 2000 in the absence of any other express entitlement. It is not unusual for remuneration of trustees to be authorized by the trust instrument itself. Other legislation permits the payment of fees to Public Trustees, judicial trustees, and custodian trustees. Trustees may refuse their office, retire, or resign, but they remain liable for acts carried out during their trusteeship. The power to appoint replacement trustees is usually given either to the beneficiaries or to the remaining trustees; in default the court will appoint replacement trustees. Trustees have a wide range of powers and duties, including a duty to act equally between the beneficiaries and a power to advance money to them (see advancement). In the exercise of their duties they are answerable to the court. |