Continuation of Duties and Powers of a Trustee (Part 1) 5) Duty to provide accounts and information As a general rule, a trustee is required to maintain accurate accounts which ought to be made available on demand for the inspection…
Category: EQUITY & TRUST LAWS
[Member] Duties and Powers of a Trustee (Part 1)
As a general rule, a trustee has discretion as to whether they will exercise their powers. Should they decide (in good faith) not to exercise said powers after proper consideration, the beneficiaries will not be allowed to sue. Duties and…
Why Is It Important To Make A Will ?
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What is Testamentary Trust?
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General Differences between Will and Trust
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What is a Stakeholder?
A stakeholder is a ‘middle-man’ who has no interest, right or title but has a duty to hold and deliver to the owner (or owners) the money or assets where two or more claimants are in dispute.
