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About: Private trustee     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Volition105652593, within Data Space : dbpedia.org associated with source document(s)

Type: yago:WikicatWillsAndTrustsyago:Ability105616246yago:Abstraction100002137yago:Cognition100023271yago:Faculty105650329yago:PsychologicalFeature100023100rugby playeryago:Volition105652593 New Facet based on Instances of this Class

In the United States a private trustee is a position set up through a trust indenture. It is a private agreement, between the settlor of a trust and the trustee. This makes both the trust and the trustee private. This arrangement differs from a bank trustee or a corporate trustee, both of which mainly focus on legalities and accounting in the public arena. Even though this position was established long before 1634, no official records can be found prior to this date.