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TeachMeFinance.com - explain trustee trustee -- (1) a person to whom the title of property has been conveyed for the immediate or eventual benefit of another. (2) the legal title holder and controller of funds in a trust account established under a trust agreement for the benefit of another. historic definition... Trustee -- A person who holds property in trust for another or for creditors. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.