The role of the independent trustee appears to be increasingly onerous. The consequences of even minor oversights can be severe and can cost a trustee dearly, both financially and professionally.
Understanding the duties and obligations associated with being a trustee, and how best to ensure compliance with those duties and obligations, is crucial for lawyers acting as trustees and advising clients taking on the role of trustee.
- Develop a better understanding of a trustee’s duties including knowing the Trust Deed and dealing with beneficiaries and the possible consequences of a breach of these duties.
- Learn more about how to educate clients about the duties and obligations of being a trustee.
- Understand better the limitation of indemnities as well as how trustees may become liable to the IRD and other third parties.
- Gain further practical tips on best practice and how to avoid potential problems.
Who should view?
All lawyers who act as independent trustees and all practitioners who advise trustees on their duties and obligations.
When and Where