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Duties of a Trustee.

What are the Key Duties of a Professional Trustee? 

As Trustees we owe fiduciary duties to the beneficiaries, these include:

  • Duty to abide by the Terms of the trust

  • Duty to Loyalty, to act in the best interests of the beneficiaries

  • Duty to Manage the Trust Effectively

  • Duty to Act Personally, with honesty and care

  • Duty to Consider the Beneficiaries, acting impartially, investing wisely and preserving the trust property

  • Duty to Account, keeping accurate records and explaining decisions

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