Trust Administration

As a trustee you will be responsible for looking after assets on behalf of beneficiaries. Trusts have existed for many years and so duties for trustees have evolved over time. In the Trustee Act 2000 a vast number of these duties were revised and set out in legislation.

We can help ensure that you complete your duties to the required standard and assist you in the administration of the Trust.

This can include assisting and guiding you in a number of tasks including:

  • Assisting the trustees in understanding the terms of the Trust and the particular provisions of the Trust Deed;
  • Chairing the trustees meeting – there is a duty under the Trustee Act 2000 to review the Trust regularly and your trustee’s meeting can ensure this review is conducted;
  • Drafting minutes of the trustees meeting – we can complete the required documentation to ensure that proper records are kept of the trustees decisions;
  • Trust Accounts – what’s in the Trust? What expenses have been incurred? What distributions of income have been made? The Trust Accounts will show all these factors and we can draft these on behalf of the trustees;
  • Providing beneficiaries with information – the beneficiaries have a right to information and we can ensure that they are kept fully informed by providing the correct documentation;
  • Helping the trustees consider any delegation of their duties and the rules surrounding requirements and limits to such delegation.

We can hold trustees meetings in any of our offices and provide telephone and skype conference facilities, where this will help, to bring all trustees together.

If you would like to find out more about Trust Administration, please speak to a member of our team.

You can also download our:  Trustees’ Duties and Responsibilities guide