Published March 17, 2016
I review a lot of trusts in my work. The starting point for me is always the trust deed.
Two things continually surprise me:
There’s a perception in some quarters that trust deeds are pretty much the same. I’ve found most trust deeds have little fish hooks or wrinkles that can easily trip up a trustee, particularly around decision making.
Here’s a few examples I’ve come across recently:
Trustees have decision making roles and those decisions have to be made according to the rules. To do otherwise can invalidate a decision and increase the potential risk for a trustee.
Five good practices I’d encourage around trust deeds are:
If you’re a trustee, it’s up to you to know the rules. You’ll find them in the trust deed.
Get your Free 127 page Trustee Guide!
21 trust experts share their best strategies to help trustees plan and manage their trusts.
Get in contact to get your copy.
© Trustee Support Ltd 2019. All rights reserved.