Article Tag: Trustees duties

When a trustee is personally liable…

A case currently proceeding through the High Court, highlights the importance of understanding your duties as trustee and the obligations that the role involves. As reported in The Telegraph, Richard Bonham Christie set up a trust 30 years ago for the benefit of his son. However, his son Peter, now aged 32, is taking action… Read more »

Trustee jailed for theft

A trustee is responsible for looking after assets on behalf of another. In such a role the must perform their duties to ensure that all steps are taken in the beneficiary’s best interests. If a trustee acts in breach of their duties they may find themselves personally liable to the beneficiaries. Taking an entirely dishonest… Read more »