A trustee is an individual who manages the proceeds of a death claim in the event that the beneficiary named is a minor. The trustee opens a trust account and distributes cash to the guardian or pays expenses for the minor at their discretion.
Articles in this section
- I need a blank Manulife beneficiary form
- I need a blank Canada Life beneficiary form
- I need a blank Pacific Blue Cross Beneficiary form
- I need a blank Equitable beneficiary form
- What is an irrevocable beneficiary
- What is a revocable beneficiary
- Who can I choose as my beneficiary
- What is a trustee
- What is a contingent beneficiary
- What is a beneficiary
- See more