A trustee is an individual or corporation which administers the trust for the benefit of the beneficiary, in accordance with the terms of the trust.

Some of the duties of a trustee are:

• knowing the trust and the assets subject to it;
• obeying the terms of the trust;
• acting impartially between the beneficiaries;
• exercising reasonable care;
• investing the trust fund as directed by the trust or as the law provides;
• seeing that trust funds are paid to the right persons;
• acting jointly when there is more than one trustee;
• providing prompt accounts; and
• acting gratuitously unless the trust instrument or the law says otherwise.

A trustee must not:

• delegate his or her duties or powers; or
• profit in any way from the trust property.