MLchartDataset catalogue

Trust administration

Term · Law · MLC-T-LAW-004995

The process of managing and distributing assets held within a trust according to the terms outlined in the trust instrument. This involves identifying and valuing trust assets, paying debts and taxes, and making distributions to beneficiaries. The trustee is responsible for carrying out these duties in a fiduciary capacity.

Table 1. Record
IdentifierMLC-T-LAW-004995
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004995",
  "term": "Trust administration",
  "field": "Law",
  "definition": "The process of managing and distributing assets held within a trust according to the terms outlined in the trust instrument. This involves identifying and valuing trust assets, paying debts and taxes, and making distributions to beneficiaries. The trustee is responsible for carrying out these duties in a fiduciary capacity.",
  "url": "https://mlchart.com/terminology/law/trust-administration/"
}

Record 5,108 of 5,445 in Law terminology (MLC-0107). Request the full dataset.