Recent cases such as Hancock v Rinehart have given Courts the opportunity to comment on how they expect trustees to behave. These cases provide valuable lessons and reminders for trustees of family trusts and of other trusts such as self-managed superannuation funds. Topics covered include:
- the fiduciary duty of a trustee: the overarching principle
- obligations when amending the trust deed
- ability to retire as trustee
- principles and considerations when appointing a new trustee
- when is privacy an issue
- duty to produce documents.