Trustee duties refer to the responsibilities that a trustee has when managing assets or property on behalf of another party, often referred to as the beneficiary. These duties include acting in the best interest of the beneficiary, managing the assets prudently, and ensuring that the terms of the trust are followed. A trustee must also keep accurate records and provide regular updates to the beneficiaries. Additionally, trustees must avoid conflicts of interest and cannot profit from their position unless explicitly allowed by the trust document. They are expected to act with loyalty, care, and transparency, ensuring that the trust's goals are met while safeguarding the interests of the beneficiaries.