Trust

Title: Trust
Category: Literature / English | Words: 1716 | Pages: 7.3 (approximately 235 words/page)

Trust

It is the duty of a trustee to administer the trust in accordance with the terms expressed by the settlor and the principles of equity. A trustee has various duties which must be performed at the outset of the trust. For example a trustee is under a duty :a) to invest the trust property prudently and in the accordance with the statue and the terms of the trust; b) to protect the interest of the …showed first 75 words of 1716 total…

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…showed last 75 words of 1716 total…abides strongly on the principle that trustees are not allowed to profit at the expense of the trust unless expressly authorised to do so. The court will only give exceptions to cases where the court truly believes that the trustee had tried his best, acting in the best interest of the trust, the court will award remuneration but will not let the trustee retain the whole profit he gained at the expense of the trust.

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