Investigation of trusteeship nature and its types

Trusteeship of endowed property means its charge so that it is managed and beneficiaries benefits from it. However, trustee of endowed property is one who is appointed by owner or on the basis of law regulations and manages endowed properties on the specified way. The performance and action of trustee should be based on the view of benefactor or law regulations. Benefactor can be the trustee of endowed property or appoint other one temporarily or constantly. If the benefactor does not determine how the endowed property is managed, it is managed on the basis of beneficiaries will or law regulations. Trusteeship of endowed property can be divided into limited (finite) and unlimited (infinite) in time and authority and into independent, social or integrated in position of several trustees. In trusteeship with independent method, trustees of endowed property independently deal with trusteeship of endowed property while, in social or integrated trusteeship, the decision of each trustee is related to others. Resignation of trusteeship is forbidden unless the benefactor allows it, but it is possible to appoint a proxy to manage the endowed property.