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.