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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:
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Duty to abide by the Terms of the trust
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Duty to Loyalty, to act in the best interests of the beneficiaries
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Duty to Manage the Trust Effectively
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Duty to Act Personally, with honesty and care
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Duty to Consider the Beneficiaries, acting impartially, investing wisely and preserving the trust property
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Duty to Account, keeping accurate records and explaining decisions

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