Who manages or administers the trust and the trust funds?Typically, the Settlor appoints a Trustee who manages and administers the Trust assets. The Settlor (in a Letter of Wishes) and in the trust document itself, outlines exactly how the trust operates. When naming a Trustee, the Settlor wants to make sure that the Trustee will act in accordance with the Trust objectives and adhere to the outlined provisions. Typically a professional Trustee is used who is bonded or part of a larger organization such as a Trust Company, Bank or International Investment Organization. A Private Trustee may also be used.
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