cotrustee in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
COTRUSTEE: A person or entity that shares the responsibility of managing a trust's assets with one or more other trustees.
Sample Sentences
- The cotrustee managed the estate's assets alongside their co-trustee.
- In the event of a dispute, the cotrustee may need to seek legal advice to resolve the issues.
- She was appointed as a cotrustee to ensure that the family's wishes were honored.
- The responsibilities of a cotrustee include overseeing the distribution of funds as outlined in the trust.
- Trust law requires that all cotrustees act in the best interest of the beneficiaries at all times.