trustee

Etymology

trust + -ee

noun

1. (trust law) A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals (beneficiaries), or for public uses; one who is intrusted with property for the benefit of another.
   The trust property is now managed by a trustee who holds formal title to the asset; the trustee can sell it, but only for the benefit of the beneficiary, and he must replace it with like assets. 2020, Katharina Pistor, “2: Coding Land”, in The Code of Capital[…], Princeton University Press
2. A person in whose hands the effects of another are attached in a trustee process.

verb

1. (transitive) To commit (property) to the care of a trustee.
   to trustee an estate
2. (transitive) To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor.