Trusteed: meaning, definitions and examples
๐๏ธ
trusteed
[ หtrสstiหd ]
legal term
The term 'trusteed' refers to property or assets that have been placed under the management or protection of a trustee. A trustee is an individual or entity that holds the trust property for the benefit of another party, known as the beneficiary. When something is described as trusteed, it implies that it is governed by the terms of a trust agreement. This ensures that the trustee has a fiduciary responsibility to manage the assets in accordance with the trust's provisions and for the best interest of the beneficiaries. Trusteed assets can include a variety of properties and investments, serving to protect the rights and interests of those intended to benefit from the trust.
Synonyms
fiduciary, managed, trusteeship.
Examples of usage
- The trusteed funds will be used for the college education of the beneficiaries.
- She was appointed as the trusteed lawyer to manage the family estate.
- The trusteed assets will remain protected until the beneficiaries reach adulthood.
Translations
Translations of the word "trusteed" in other languages:
๐ต๐น fiduciรกrio
๐ฎ๐ณ เคเฅเคฐเคธเฅเคเฅเคก
๐ฉ๐ช treuhรคnderisch
๐ฎ๐ฉ dipercayakan
๐บ๐ฆ ะดะพะฒะตัะตะฝะธะน
๐ต๐ฑ powierniczy
๐ฏ๐ต ไฟก่จใใใ
๐ซ๐ท fiduciaire
๐ช๐ธ fiduciario
๐น๐ท gรผvenilir
๐ฐ๐ท ์ ํ๋
๐ธ๐ฆ ู ูุซูู
๐จ๐ฟ svฤลeneckรฝ
๐ธ๐ฐ dรดveryhodnรฝ
๐จ๐ณ ๅๆ็
๐ธ๐ฎ trustni
๐ฎ๐ธ traust
๐ฐ๐ฟ ัะตะฝัะผะดั
๐ฌ๐ช แแแแแแ แแฆแญแฃแ แแแแ
๐ฆ๐ฟ etibarlฤฑ
๐ฒ๐ฝ fiduciario
Etymology
The word 'trusteed' derives from the term 'trust,' which has its roots in the Latin word 'trustis,' meaning 'a confidence or reliance placed in another.' The evolution of the term reflects the development of legal and fiduciary concepts in medieval England, where trust arrangements began to take more formalized shapes in common law. Over time, with the establishment of the court system and fiduciary obligations, the role of a trustee became essential in managing assets for the benefit of another party. The concept of a trust and the term 'trusteed' have since become foundational in estate planning, property management, and financial fiduciary practices.