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Co-trustee

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Co-Trustee
When a trust is managed by more then one trustee who have equal rights and powers they are called co-trustees.They can only act jointly unless specified when any one trustee can act independently.
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CO-TRUSTEE - A person or entity who serves jointly with another person or entity in carrying out the terms of a trust.
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Co-Trustee: One of two or more people who jointly hold, manage and distribute property for the benefit of another under a trust; joint trustee.
Counsel: A lawyer; an attorney; a counselor. To counsel means to advise.

co-trustee
n. a trustee of a trust when there is more than one trustee serving at the same time, usually with the same powers and obligations. Occasionally a co-trustee may be a temporary fill-in, as when the original trustee is ill but recovers.

They are not responsible for money received by their co-trustees, if the receipt be given for the mere purposes of form.

See also: Joint, Trustee, Nations, Index, Attorn

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