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Being a trustee in public practice - key trustee duties by Deborah Hollings

By: Hollings, Deborah.
Series: Chartered Accountants Journal of New Zealand.Publisher: , New Zealand 2009Description: 34-36.Subject(s): TRUSTEES | TRUSTS | BENEFICIARIES | TrustsOnline resources: Click here to access online Summary: Reviews the rules and risks of serving on a trust. Maintains that around 75% of trusts in New Zealand are at risk of being challenged because people have forgotten or are ignoring the basic principles. Summarises key trustee duties ; considers trustees' liability for breach of trust ; reviews trustees' discretions ; lists beneficiaries' rights ; and, discusses trustees' costs in litigation.
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Reviews the rules and risks of serving on a trust. Maintains that around 75% of trusts in New Zealand are at risk of being challenged because people have forgotten or are ignoring the basic principles. Summarises key trustee duties ; considers trustees' liability for breach of trust ; reviews trustees' discretions ; lists beneficiaries' rights ; and, discusses trustees' costs in litigation.

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