Who is the trustee?

The person who carries out the terms of the trust and manages the trust assets is known as the “trustee.” You can serve as the initial trustee, or you can appoint another person, bank, or trust company to do this for you.

Upon your death, the trustee (or your successor if you served as trustee) is responsible for paying certain claims and taxes, and then distributing the assets to your beneficiaries according to the terms of the trust agreement.