independent trustee

Definition of "independent trustee"
  1. A person not related to the beneficiary who doesn't inherit any trust assets, usually hired when familial disagreements about the trust management are expected, but often charges higher fees than a family member would
How to use "independent trustee" in a sentence
  1. Due to potential disputes within the family, an independent trustee was appointed to ensure fair management of the trust.
  2. To avoid possible bias, the family decided to hire an independent trustee.
  3. Since she did not want her children to argue over her assets, she chose an independent trustee to handle her trust.

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