[ADVISOR VIEW] Nominating trustees who have the appropriate character, skill and acumen to fulfil their duties is critical to ensuring your intentions for the trust are realised: DevonCard - crueinvest. EstatePlanning PersonalFinance
Once you’ve taken the decision to set up a trust, one of the most critical decisions you face is selecting appropriate trustees to manage the trust assets.
As such, your trustees – especially where you have appointed family members or friends to the position – must be capable of utilising independent discretion.While trustees are able to outsource the accounting functions of the trust, keep in mind that they remain responsible for the management of the trust assets.
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