A trustee is a person or organization that is appointed to manage assets or property for the benefit of another person or group of people, known as beneficiaries.

The trustee has a legal obligation to act in the best interests of the beneficiaries and to manage the assets or property according to the terms of the trust agreement. The trust agreement specifies the powers and duties of the trustee, as well as the rights and responsibilities of the beneficiaries.

Trusts are commonly used for estate planning, asset protection, and charitable giving. Trustee duties can include managing investments, distributing income and assets to beneficiaries, and making decisions about the administration of the trust. Trustee positions can be held by individuals, banks, or other financial institutions, and are often subject to legal and regulatory requirements.