Assertion: trust's trustee | /r/CapableOf | administer the trust
Facets:
value: against all others
type: TRANSITIVE-OBJECT
value: for their benefit
type: PURPOSE
value: for one or more beneficiaries
type: TRANSITIVE-OBJECT
value: as a fiduciary
type: MANNER
value: with the skill
type: CAUSE
value: with prudence
type: MANNER
Source sentences:
text: A trustee, as a fiduciary, must administer the trust with the skill and prudence that any reasonable and careful person would use in conducting her own financial affairs.
text: A trustee must be loyal to the beneficiaries, administering the trust solely for their benefit and to the exclusion of any considerations of personal profit or advantage.
text: In South Africa, in addition to the traditional living trusts and will trusts there is a "bewind trust" (inherited from the Roman-Dutch bewind administered by a bewindhebber) in which the beneficiaries own the trust assets while the trustee administers the trust, although this is regarded by modern Dutch law as not actually a trust.
text: Upon the death of the insured, the trustee invests the insurance proceeds and administers the trust for one or more beneficiaries.
text: A trust generally involves three "persons" in its creation and administration: (A) a settlor or grantor who creates the trust; (B) a trustee who administers and manages the trust and its assets; and (C) a beneficiary who receives the benefit of the administered property in the trust.
text: The trustees should administer the trust for the sole benefit of the beneficiaries, against all others who might seek to benefit or profit from trust assets.
text: Unitholders are the owners of trust property and the trustee administers the trust.