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In this video, Joe from Prep Agent discusses the concept of a trustee, emphasizing its varying relevance across different states. He explains that understanding the role of a trustee may not be necessary for everyone, so viewers should check their local laws. Joe simplifies the explanation using real-life examples before diving into technical details. He highlights that trust deeds involve three key parties: the trustor, the trustee, and the beneficiary. The trustor is typically an individual seeking financial assistance to purchase a house, prompting them to approach a bank for a loan. The video sets the foundation for further exploration of these roles and their importance in the context of property transactions.