Many people under-estimate the legal responsibilities inherent in the role of Trustee. The courts have made it clear that each and every Trustee is personally liable for the actions of the Trust. The days of casually signing papers put in front of you by other Trustees are well and truly gone…
Trustees have a personal responsibility to the Beneficiaries of the Trust. This involves fulfilling their duties in a diligent and reasonable manner while at the same time fulfilling a number of legal obligations. These responsibilities cannot be delegated and should not be treated lightly.
For an agreed annual fee we will lead this process and provide support to Trustees. This gives you the reassurance of knowing you are completing your legal obligations in a proper and timely manner.
Our service includes an initial review of the current trust administration to help identify and mitigate risks. It also covers the establishment of regular Trustee meetings, review of major transactions and the maintenance of appropriate minutes. We can also provide assistance with strategic planning and succession planning depending on your requirements.