A trustee is the person appointed to manage the property placed
in a trust. The trustee is chosen by the person creating the
trust. If, for some reason, the trustee named in the trust
cannot serve, the court will appoint a replacement trustee.
Trustees can be given broad or limited powers; it is up to the
creator of the trust. However, normally the trustee will be
someone in whom the creator of the trust has great faith and
confidence. In such cases, the creator of the trust will often
gives the trustee broad powers to allow the trustee the
flexibility to react appropriately in the future. The trustee is
always under an obligation to mange the trust property in the
best interests of the beneficiaries. The standard of duty is
based on what a 'reasonable person' would have done under the
circumstances. More than one person can be named as a trustee,
in which case they will act as 'co-trustees' and must agree on
all decisions or go to court to resolve any conflict. The person
creating the trust can also name an