Trustees are professionals who are responsible for managing and administering trusts, which are legal arrangements that allow a third party, or trustee, to hold assets on behalf of a beneficiary. Trustees are appointed to ensure that the terms of the trust are carried out in accordance with the wishes of the grantor, who creates the trust. This involves a range of duties, including managing investments, distributing assets to beneficiaries, and ensuring compliance with legal and tax requirements. Trustees may work for private individuals, families, or corporations, and may specialize in specific types of trusts, such as revocable or irrevocable trusts.