Anonymous ID: 289ada Jan. 19, 2021, 5:20 a.m. No.12603084   🗄️.is 🔗kun   >>3118

>>12602963

>What commonly known court proceeding does a judge appoint trustee?

 

Not a lawfag, but… This?:

 

A trust is a three-party fiduciary relationship in which the first party, the trustor or settlor, transfers ("settles") a property (often but not necessarily a sum of money) upon the second party (the trustee) for the benefit of the third party, the beneficiary.

Anonymous ID: 289ada Jan. 19, 2021, 5:23 a.m. No.12603118   🗄️.is 🔗kun

>>12602963

>>12603084

 

The trustee is the legal owner of the property in trust, as fiduciary for the beneficiary or beneficiaries who is/are the equitable owner(s) of the trust property. Trustees thus have a fiduciary duty to manage the trust to the benefit of the equitable owners.

 

A trustee can be a natural person, a business entity or a public body.