Co-Trustee Legal Meaning and Definition

Here is a simplified definition of the legal term Co-Trustee.

Co-Trustee (noun):

A co-trustee is a person who is appointed along with another or others to manage a trust. In this role, they share equal rights and abilities to control and handle the assets within the trust. Generally, co-trustees are required to act together on decisions, unless specified otherwise in the trust agreement, where a single trustee may act independently of the others.