co-trustee
Shared estate overseer
A co-trustee is one of two or more people who jointly manage a trust.
Co-trustees typically share fiduciary duties and must act together in administering trust assets, though trust documents may specify different arrangements: The will named her brother and sister as co-trustees of the estate.
Will validation proceedings
- estateProperty and grounds
- executorAppointed estate manager
- willFaculty of deliberate choice
- testamentWritten proof or legacy
inheritance · bequest · heir · legatee · devisee · conservator · guardian · endowment
Designated asset receiver
- trustorTrust agreement maker
- settlorTrust's founding party
- grantorOne who transfers rights
- distributionAllocation across recipients
Shared administrative responsibility
- coordinationOrganized cooperative movement
- consensusGeneral group agreement
- delegationTransferring responsibility downward
- communicationExchanging ideas or information
Supervision or inadvertent omission
- investmentDeploying capital for returns
- accountingMaintaining financial records
- recordkeepingMaintaining organized documentation
- disbursementDistribution of funds
reporting · compliance · portfolio · diversification · valuation · audit · documentation · notification
probate
Will validation proceedings
testament · inheritance · bequest · heir · legatee · devisee · conservator · guardian · endowment · revocable
beneficiary
Designated asset receiver
distribution · vesting · remainder · principal · impartiality
co-management
Shared administrative responsibility
- coordinationOrganized cooperative movement
- consensusGeneral group agreement
- delegationTransferring responsibility downward
oversight
Supervision or inadvertent omission
- investmentDeploying capital for returns
- accountingMaintaining financial records
- recordkeepingMaintaining organized documentation
disbursement · reporting · compliance · portfolio · diversification · valuation · audit · documentation · notification
- stewardssteward, custodian, keeper, caretaker, guardian
- fiduciariesexecutor, guardian, conservator, custodian, administrator
- trustsbeneficiary, grantor, trustor, settlor, custodial accounts
co-trustees, trustee, trustees, trusteeship, trust, trusts, trusted, trusting, trustful