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The role of the trustee in trust administration is to oversee and manage the trust, as they are the legal representative of the trust. The trustee ensures that the trust is managed and administered according to the trust document and all applicable laws. The trustee must act in the best interest of the beneficiaries of the trust, and this includes investing and managing the assets of the trust, paying the beneficiaries, filing taxes, and handling other financial tasks. The trustee also has an obligation to protect the trust assets from being misused or lost. This means that the trustee has a responsibility to monitor and ensure that assets are being used according to the terms of the trust. The trustee must also have a plan for the trust funds, including a budget for proper management of the trust assets. The trustee also has a responsibility to resolve conflicts among the beneficiaries, and to make sure that the trust is administrated according to the wishes of the trustors. This includes making decisions about investment strategies, and other issues related to the operation of the trust. Finally, the trustee may work with professionals such as attorneys, accountants, and financial advisors to make sure that the trust is being managed properly. The trustee must also keep accurate records of all transactions related to the trust and provide regular reports to the beneficiaries. In Virginia, trustees are also subject to certain fiduciary duties, such as investing the trust assets reasonably and prudently, and managing and distributing assets in accordance with the trust document.

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