noun
- one of two or more persons or institutions appointed to manage a trust or estate jointly
Usage: legal/formal; often used in estate planning and trust administration
Examples
- The bank and the family lawyer were named as cotrustees of the estate.
- Each cotrustee has equal responsibility for managing the trust's assets.
- The two cotrustees must agree on major decisions regarding the trust.
- She appointed her brother and a professional fiduciary as cotrustees.
- The cotrustees filed a joint report with the probate court.