A trustee is a person or entity appointed to manage assets on behalf of beneficiaries in a trust. Their role is to oversee the trust, make decisions regarding the management of trust funds, and ensure that the trust is administered in accordance with the terms set forth in the trust document.

The responsibilities of a trustee include managing trust assets, investing trust funds, distributing income and principal to beneficiaries as required by the trust document, keeping accurate records, filing tax returns, and acting in the best interests of the beneficiaries at all times.

Some of the key duties of a trustee in managing trust funds include prudently investing trust assets, avoiding conflicts of interest, communicating regularly with beneficiaries, keeping accurate records of all transactions, and following the terms of the trust document diligently.

To ensure they are fulfilling their duties properly, a trustee should seek advice from legal and financial professionals when needed, keep detailed records of all trust transactions, communicate openly and honestly with beneficiaries, and act with diligence and care in all their actions as a trustee.