Definition
The responsible adults who legally babysit someone else's money, property, or estate because the actual owner either can't, won't, or is no longer around to manage it themselves. They're like financial guardians with actual legal obligations and fiduciary duties, not just good intentions. Mess it up, and you're not just a bad friend—you're facing lawsuits.
Example Usage
The three trustees of my grandmother's estate spent six months arguing about whether to sell the lake house or keep it 'for family memories.'
Source: Legal and financial terminology
Related Terms
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See “trustees” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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