1. Two or more persons or entities who jointly hold and manage a trust or estate on behalf of beneficiaries.
Usage: Plural of cotrustee; Legal/financial term; Often used in estate planning and trust administration

Examples

• The will named three cotrustees to manage the estate for the minor children.
• The cotrustees met quarterly to review the trust's investments and distributions.
• As cotrustees, they shared responsibility for ensuring the trust was administered according to the settlor's wishes.
• The bank and the family member served as cotrustees of the charitable trust.
• Disputes between cotrustees can delay the distribution of trust assets to beneficiaries.