The Role of a Trustee
A trustee must manage the trust and its assets properly, investing with diligence and prudence.
Choosing the trustees is your most important act when forming your trust. You should also consider what your trust is likely to own when selecting your trustees.
When approached regarding the role of trustee, you should consider this position carefully as the position of the trustee is not one to be accepted lightly.
Trustees who do not understand the possible consequences of a contract that they wish to sign should take expert legal advice on all the liabilities to which they may be exposed.
For more information regarding family trusts and your potential role as trustee in New Zealand please contact Auckland lawyer, Ian Mellett.
Phone Number (09) 523 2408.
Choosing the trustees is your most important act when forming your trust. You should also consider what your trust is likely to own when selecting your trustees.
When approached regarding the role of trustee, you should consider this position carefully as the position of the trustee is not one to be accepted lightly.
Trustees who do not understand the possible consequences of a contract that they wish to sign should take expert legal advice on all the liabilities to which they may be exposed.
For more information regarding family trusts and your potential role as trustee in New Zealand please contact Auckland lawyer, Ian Mellett.
Phone Number (09) 523 2408.
