A trustee is a person who takes responsibility for managing money or assets that have been set aside in a trust for the benefit of someone else.
Everything you do as a trustee must be done in the beneficiary’s best interests. Exactly what you can and can’t do as a trustee might be set out in detail in the trust agreement.
You won’t be able to benefit from the trust yourself (unless the trust agreement says you can).
If the trust is a ‘discretionary trust’, the trustees will have more freedom to make decisions.