Trustee liability : what every trustee needs to know / by Vicki Ammundsen
By: Ammundsen, Vicki
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Publisher: Auckland, N.Z. : CCH New Zealand, 2015Description: xii, 146 p. ; 23 cm.ISBN: 9781775470885.Subject(s): Trustees | Trusts | Liabilities
Item type | Home library | Call number | URL | Status | Notes | Date due | Barcode | Item reserves |
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International | CCH eBook (Browse shelf) | Link to resource | eBook | Available as an ebook here | |||
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New Zealand | 361 TRU (Browse shelf) | Available | CA007951 |
Appointment as a trustee -- Trustee duties -- Breach of trust -- Relief from personal liability -- Liability to beneficiaries -- Liability to third parties -- Retirement as a trustee -- Removal as a trustee -- Bare trusts -- Liability for court costs -- Liability to Inland Revenue -- Joint and several liability -- Unanimity and imputed intention -- Rights of indemnity -- Trustee's lien -- Loan advances -- Corporate trustees -- Removal of beneficiaries -- Insurance policies that cover trustee liability -- Minimising trustee liability with appropriate governance.
Provides guidance on what to consider before accepting an appointment as a trustee. Examines trustee liability, such as income tax and GST liability, mitigation of trustee liability, and liability for court costs. Presents information in a question and answer format, and references relevant case law.