testamentary trustee

testamentary trustee
A trustee appointed by the court to execute a trust created by a will, either nominated by the will itself or not so nominated. See Re Hazard (NY) 51 Hun 201, 4 NYS 701.

Ballentine's law dictionary. . 1998.

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  • trustee — Person holding property in trust. Restatement, Second, Trusts, No. 3(3). The person appointed, or required by law, to execute a trust. One in whom an estate, interest, or power is vested, under an express or implied agreement to administer or… …   Black's law dictionary

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  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • assignee — A person to whom a right is assigned, that is, the one to whom an assignment is made. 6 Am J2d Assign § 2. A person who becomes invested with the right of another person through some voluntary act of that other person. United States v Colorado… …   Ballentine's law dictionary

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