Trustees duties running a trust Flashcards by Rameen Khan

Q

How are trustee votes passed?

A

Unanimously

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Q

Duties while running a trust

A

Active role
intervene if needed
dont need whole trust in one persons hand
do not prejudice any beneficiairys
act with skill and care
impartial
unanimous votes

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Q

Docs beneficiaires can see

A

trust document
accounts
schedule of investment

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Q

Beneficiaires cannot see the documents that…

A

Expose reason for trustee decisions e.g. minutes of meetings

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