Trusts
Trustee responsibility
If you are a trustee, it is your duty to act on behalf of the beneficiaries and according to the trust deed. If you are unsure about your responsibilities, we are here to assist you.
Call us now for trustee support
Slater and Gordon have experts in trustees ready to help you. Contact us online today or call us on freephone 0330 041 5869 to speak to one of our friendly advisors.
Wills, trusts, tax and probate solicitors
Contact usTrustee responsibility explained
A trustee is under the absolute obligation to act in accordance with the terms of the trust.
If you are a trustee, you have following responsibilities:
- Ensure you fully understand the terms and conditions of the trust deed
- Act in the trust's best interests
- Not pay yourself any fees or expenses if not explicitly stated in the trust deed
- Fulfil your fiduciary and statutory duties
- Keep accounts
- Provide information about the trust to beneficiaries
- Ensure you keep up to date with changes in tax rules and trust laws
Can I pay the fees for legal assistance from the trust?
If not otherwise stated in the Trust, you're not allowed to pay yourself any expenses.
Why should I consider legal assistance with my duties as trustee?
If you don't act in accordance with the Trust or for the benefit of the beneficiaries, you can be held personally liable. This is why we advise you to work with an expert solicitor to stay legally safe.
Legal assistance from Slater and Gordon
Our solicitors are specialists in trusts and are here to answer any questions you have about trustee responsibility. Our team are ready to offer their expert advice, call us now on 0330 107 5081 or contact us online today.
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