Who is responsible for ensuring the trust is managed according to its terms?

The trustee holds the primary responsibility for ensuring that the trust is managed in accordance with its terms. This role involves a fiduciary duty to act in the best interests of the beneficiaries and to adhere strictly to the provisions outlined in the trust document. The trustee must manage the trust's assets, carry out the directives specified in the trust, and make decisions that align with the intent of the trustor.

In fulfilling this responsibility, the trustee must exercise prudence and care, keeping accurate records and providing regular updates to beneficiaries as required. Additionally, they must navigate the legal requirements and fiduciary responsibilities associated with the trust.

While the trustor creates the trust and establishes its terms, and the beneficiaries have an interest in the trust's assets, it is ultimately the trustee who is tasked with the stewardship of the trust. The role of the regulatory body, while important in overseeing compliance with applicable laws, does not extend to direct management of the trust. Therefore, the trustee's role is pivotal in ensuring that the trust is managed properly according to its terms.