co-trustees
Shared estate managers
Co-trustees are two or more people who share responsibility for managing a trust.
They must typically act together in making decisions about trust assets and distributions: The co-trustees disagreed about whether to sell the property.
The arrangement provides oversight and continuity but can create complications when co-trustees have conflicting views.
Agent bound by loyalty
- beneficiaryDesignated asset receiver
- appointmentScheduled time for something
- delegationTransferring responsibility downward
- removalAct of taking away
liability · breach · indemnification · probate · settlor · grantor · duties · powers
Property received from ancestors
- willFaculty of deliberate choice
- executorAppointed estate manager
- assetsOwned items of value
- distributionAllocation across recipients
heirs · testamentary · irrevocable · revocable · death · succession · guardian · spendthrift
General group agreement
- coordinationOrganized cooperative movement
- communicationExchanging ideas or information
- deadlockMutual blocking, no progress
- votingFormally registering a choice
majority · unanimity · delegation · cooperation · partnership · co-management · consultation · accountability
Deploying capital for returns
- portfolioCollected works or assets
- diversificationExpanding into varied areas
- distributionsActs of parceling out
- incomeRegular monetary receipts
principal · accounting · audit · reporting · real-estate · securities · custody · disbursement
fiduciary
Agent bound by loyalty
- beneficiaryDesignated asset receiver
- appointmentScheduled time for something
- delegationTransferring responsibility downward
removal · liability · breach · indemnification · probate · settlor · grantor · duties · powers · resignation
inheritance
Property received from ancestors
distribution · heirs · testamentary · irrevocable · revocable · death · succession · guardian · spendthrift
consensus
General group agreement
- coordinationOrganized cooperative movement
- communicationExchanging ideas or information
- deadlockMutual blocking, no progress
voting · majority · unanimity · delegation · cooperation · partnership · co-management · consultation · accountability
investment
Deploying capital for returns
- portfolioCollected works or assets
- diversificationExpanding into varied areas
- distributionsActs of parceling out
income · principal · accounting · audit · reporting · real-estate · securities · custody · disbursement · record-keeping
- trustsbeneficiary, grantor, trustor, settlor, custodial accounts
co-trustee, trustee, trustees, trust, trusts, trusted, trusting, trustful, trustfully