A Practitioner's Guide to Powers and Duties of Trustees

A Practitioner's Guide to Powers and Duties of Trustees

  • Paperback
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This book covers all aspects of powers and duties of trustees, including the duties of care they owe, administrative and dispositive responsibilities, matters which can and cannot be delegated, as well as featuring cases in detail. Written by well known practitioners in the field, this concise, user-friendly handbook appeals to all those who are involved with trust property, whether as a beneficiary, trustee or personal representative, and their professional advisers.show more

Product details

  • Paperback
  • Lexisnexis UK
  • Tolley
  • London, United Kingdom
  • 0754514897
  • 9780754514893

Table of contents

"PART 1: DUTIES OF TRUSTEES 1. Duty to act unanimously; 2. Duty to consult and to obtain consents and directions; 3. Duty to exercise reasonable care and skill; 4. Duty to act honestly; 5. Duty not to benefit personally; 6. Duty to act impartially; 7. Duty to get in and safeguard trust property; 8. Provision of information and disclosure of trust documents; 9. Limitation of and relief from liability. PART 2: ADMINISTRATIVE POWERS; 10. Power to charge remuneration; 11. Power to invest; 12. Powers of acquiring, selling and leasing land; 13. Power to borrow on the security of the trust property; 14. Power to insure trust property; 15. Power to carry on a business; 16. Power to compromise and power to litigate; 17. Power to appropriate and power to partition; 18. Power to delegate; 19. Power to accumulate income; 20. Powers of appointment and retirement; 21. Taking additional administrative powers or surrendering or releasing powers; PART 3: DISPOSITIVE POWERS 22. Trust powers and duties distinguished; 23. Construction of dispositive powers; 24. Powers of maintenance; 25. Power of advancement; 26. Power to appoint; 27. The rule against perpetuities; 28. Dispositive powers: their duration and release; 29. Power to apply to the court - the surrender of discretion to the court; 30. Power to vary trusts."show more