Which statement best describes a trustee's responsibilities?

The most accurate description of a trustee's responsibilities is the requirement to distribute trust assets according to the trust terms. A trustee is appointed to manage the assets held in trust and ensure that they are allocated to the beneficiaries in accordance with the specific directives outlined in the trust document. This involves understanding the intentions of the trustor and acting in the best interests of the beneficiaries while adhering to the legal obligations set forth in the trust.

The trustee must ensure that distributions are made fairly and timely, and they may also need to handle investments and manage the overall administration of the trust. This role is crucial, as it upholds the trustor's intentions and protects the rights of the beneficiaries.

While overseeing legal disputes, managing personal affairs of beneficiaries, and providing financial guidance are important functions in various contexts, these roles do not fall within the primary responsibilities of a trustee. The focus of a trustee is specifically on carrying out the terms of the trust and ensuring that the assets are managed and distributed according to those terms, which is why this responsibility is paramount.