What is the difference between a trust beneficiary and a trustee?

Answer by  JeffD (238)

A trust beneficiary benefits from a trust, usually by receiving its income. The trustee is the person responsible for maintaining trust assets in accordance with the trust agreement.

Answer by  OU (135)

The trustee is the entity that administers the trust ( such as a bank ) and the trust beneficiary is the entity that receives benefits from the trust. These benefits are usually in the manner of income proceeds that are distributed to the beneficiary from the trust. The proceeds are sent by the trustee.

Answer by  melville (25)

The trust beneficiary is the person for whom the trust is established. The trustee is the person who has the duty to administer the trust for the use or benefit of the trust beneficiary.