I have been appointed as a trustee and would like some guidance on how to administer the trust. Where can I get more information?
- The first point of reference for a trustee is the terms and conditions set out in the trust instrument or deed.
- Relevant state or territory legislation like the Trustee Act 1958 in Victoria sets out additional obligations.
- Trustees may also seek the advice of a lawyer to better understand their obligations in law and in equity. This is particularly important in the context of strained family dealings or with particularly large and complex estates.
Read some more FAQS from our Equity & Trusts section