Trustees owe duties of honesty, integrity and good faith to the beneficiaries of the trust and must be actively involved in any decision making.
The trust deed (or will) will usually include specific instructions about how to manage the trust but there are also some general duties that apply to all trustees. These are:
This list isn’t exhaustive and we recommend you seek professional advice.
We can help…
There may be times when you need to seek professional help in exercising your powers and making decisions. Managing a trust can be complicated. Every trustee can and should seek professional advice to make sure they are acting in the best interests of the trust and its beneficiaries.
Our specialist team can advise you on every aspect of your role or help you to administer your trust correctly.