Public Trustee

The public trustee is an office established pursuant to national (and, where applicable, state or territory) statute, to act as a trustee, usually where a sum is required to be deposited as security by legislation, where courts remove another trustee, or for estates where either no executor is named by will or the testator elects to name the Public Trustee.

Read more about Public Trustee:  Origins, Other Nations, United Kingdom and Australia, New Zealand

Famous quotes containing the word public:

    “The danger of crippling thought, the danger of obstructing the formation of the public mind by specially suppressing ... representations is far greater than any real danger that there is from such representations.”
    —George Bernard Shaw (1856–1950)