Quick Guide to Trustee's Duties

Use Good Faith and Uphold the Trust

Joint Responsibility

Charity Trustees and Quasi Trustees Own Opinions Advice Avoid Conflicts of Interest Standard of Care Avoid Breach of Trust

Liability for Actions

The general rule is that Trustees incur personal liability on a joint and several basis. The liability of the Trust Estate is determined by the liability of the Trustees, not their ability to pay.

CONSEQUENCES OF FAILURE

For further information on this Quick Guide, please contact Anne Henderson

The information contained in this article is given for general information only and does not constitute legal advice on any specific matter.

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