He said that being the fund's sole trustee was "the most daunting part of the job."

Thomas Shepherd was the sole trustee, owning the town and being responsible for its government.

It is best to have a family member as a co- or sole trustee.

At the moment, the state comptroller is the sole trustee of the state's $105 billion pension fund.

And you would lose the accountability that you have with a sole trustee.

Yes, but only when you act as sole trustee of a trust - for example, a village hall.

And what are his credentials to be the sole trustee of the state's $145.7 billion pension fund?

Appointing the child as sole trustee may subject the trust to claims of the child's creditors.

The copyright was hers, and as the sole trustee of her estate, I effectively own it.

As sole trustee of the state's $38 billion pension fund, he has the power to make investment decisions.