All Trust assets are regarded as being owned legally by a Trustee. The Trustee also has the authority to administer the Trust's assets unilaterally, without the beneficiaries' approval or involvement, as the legal owner of those assets.
In line with the provisions of the trust agreement and your objectives, the trustee's responsibility is to manage and distribute the trust's assets. Trustees are required by law to administer your trust assets and handle daily financial affairs on your behalf. They are also required to do so by fiduciary law.
A Trustee is a person who takes care of the assets kept in a Trust as a custodian. In accordance with the instructions provided, he or she is in charge of overseeing and managing a Trust's financial operations. Frequently, the person who establishes the trust serves as the trustee until their inability to do so or their passing.
Hence, Manager describes as a Trustee.
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