Practical Law ANZ Glossary w-018-2801 (Approx. 2 pages)
Glossary
Trustee
Once property has been transferred under a trust to the trustees, usually by the settlor (the person who sets up a trust), the trustees become the legal owners of the trust property. The trustee deals with the property itself on behalf of the trust for the benefit of the beneficiaries.
In general, any individual or company may be appointed as a trustee.