What does a Trustee have to do?


There are various rules that a Trustee must comply with which include (but this is not an exhaustive list):

  • Records should be kept for tax purposes. More information can be found here.
  • The trust assets must be kept separate from the Trustee’s own money.
  • A Trustee must always be prepared to produce accounts to show how the funds are being looked after.
  • A Trustee should look after the trust assets with a greater degree of skill and care then they would otherwise look after their own assets.
  • A Trustee is required by the Trustee Act 2000 to take investment advice when looking after Trust Assets.
  • A Trustee should not benefit themselves by virtue of their position as a Trustee.
Footer bg

Would you like to know more?

For help and advice, talk to a member of our team. They can advise on the best options in your matter.

Call: 01708 229 444 Email us


Portfolio Builder

Select the legal services that you would like to download or add to the portfolio

Download    Add to portfolio   
Title Type CV Email

Remove All


Click here to share this shortlist.
(It will expire after 30 days.)