What is one key responsibility of a trustee?

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A trustee has the essential responsibility of managing the assets in accordance with the trust agreement. This role requires the trustee to act in the best interests of the beneficiaries, ensuring that the trust's terms are followed and that the assets are administered properly and responsibly. This includes making investment decisions, distributing income or principal to beneficiaries as specified in the trust, and maintaining accurate records of the trust's transactions. The trustee must also adhere to fiduciary duties, which emphasize loyalty and care in the management of the trust.

In contrast, the other options do not accurately reflect the role of a trustee. Making health care decisions pertains more to a power of attorney or a guardian rather than a trustee. Preparing a will is the responsibility of an executor or the person creating the will, not the trustee. While representing beneficiaries in legal matters may sometimes involve a trustee, it is not a standard duty of their role; they are primarily focused on managing the trust and its assets.

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