Chapter 8

Trustees’ Appointment and Removal; Trustees’ Fiduciary Duties

 

 

Chapter Contents

Role of a Trustee

Appointment of Trustees

Termination of Trusteeship

Managing the Trust

The Trustee’s Fiduciary Duties

Points to Review

Useful Things to Read

Having considered how an express trust is formed, it is now time to discuss how that type of trust is managed. The managers of the trust are the trustees. Trustees are subject to a number of duties of both a fiduciary and non-fiduciary nature. They enjoy a number of powers. To gain a holistic view of the trustees’ obligations and powers, you should read Chapter 9 immediately after this chapter.

As You Read

Look out for the following themes:

how a trustee can be appointed and removed;

how a ...

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