Cotrustee
Term · Law · MLC-T-LAW-001345
An individual who serves alongside one or more other individuals as a trustee of a trust. Cotrustees share the responsibility for managing the trust assets and carrying out the terms of the trust instrument. Their powers and duties are typically defined in the trust document or by state law.
| Identifier | MLC-T-LAW-001345 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001345",
"term": "Cotrustee",
"field": "Law",
"definition": "An individual who serves alongside one or more other individuals as a trustee of a trust. Cotrustees share the responsibility for managing the trust assets and carrying out the terms of the trust instrument. Their powers and duties are typically defined in the trust document or by state law.",
"url": "https://mlchart.com/terminology/law/cotrustee/"
}
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