Trustee liability : what every trustee needs to know / by Vicki Ammundsen
By: Ammundsen, Vicki.Publisher: Auckland, N.Z. : CCH New Zealand, 2015Description: xii, 146 p. ; 23 cm.ISBN: 9781775470885.Subject(s): Trustees | Trusts | LiabilitiesOnline resources: Download as an eBook
|Item type||Home library||Call number||URL||Status||Notes||Date due||Barcode||Item reserves|
|EBook||International||CCH eBook (Browse shelf)||Link to resource||eBook||Available as an ebook here|
|Book||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.