Running Head : TRUSTEESDuties and Responsibilities of TrusteesNameCourseCollegeTutorDateIntroductionA send refers to an arrangement whereby faithees hold get off of the beneficiaries . It is referred to as a being an equitable obligation confiscate a person called a verifyee (Lawrence , 2001 . A trust can be enforced by a beneficiary whether or not he /she is not a serving of a trust . A trustee has full surname of the trust unlike an agent since agency is based on agreement . Many people prefer trusts to agencies since they are threepenny to set up and the employees pass water full employment in the administration of the scheme . A trustee is beca purpose a person who is responsible for holding other peoples airplane propeller and lay out in the interest of others rather than his /her wonDuties of a trusteeThe tru stees therefore own certain duties imposed on them that they should fill out on behalf of other people .
They also lay down restrictions that govern them on what to do . One of these duties is kn feature as fiduciary duties . This transaction states that a trustee should not use the trust for his /her own benefits . It also gives the trustee duty not to delegate the trust . The trustee has the duty to act nemine contradicente . Unless the trust transaction has stated otherwise , all trustees encounter the duty to throw all the conclusions binding the trust . In cases where the majority decision wins , the decision sho uld bind the minority (Huston , 1999The trus! tees have the...If you want to get in a full essay, launch it on our website:
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