The role of a Trustee

A Trustee has what is called a fiduciary responsibility.

This means that they must always act in the best interests of the beneficiaries.

A Trustee needs to:

• Ensure all conditions and instructions within the Trust are followed including any Trust wishes set out by the Settlor (the person who originally set up the Trust) regarding how funds are to be administered

• To act impartially between beneficiaries

• Provide information to the beneficiaries regarding accounts and investments and any relevant documentation

• Act unanimously with all other Trustees

Related Articles

• Annual trust minutes

• Declaration of Trust

• Deliberate Deprivation of Assets

• Document Witnessing

• Expression of Trust Wishes

• Further Protection using Trusts

• Wills Based Trusts

• ID we need to see

• Is Probate required?

• Is your property registered?

• Priority Client Cover

• The two types of Joint Property Ownership

• Video Witnessing

• Your property and care fees

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