Public Trustee - How are Trustees appointed?

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What is a Trust? Why set up a Trust? Duties of a Trustee How are Trustees appointed? What are a Trustee's powers? Why would I choose The Public Trustee? Fees & Charges

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What is a Trust?Why set up a Trust?Duties of a Trustee How are Trustees appointed?What are a Trustee's powers?Why would I choose The Public Trustee?Fees & Charges

How are Trustees appointed?

A Trustee may be appointed in many ways, including:

by a Trust document under a Will
by the Supreme Court of Tasmania - for example when a minor (a person under 18) or a person without the legal capacity receives by way of judgement of a Court, a sum of damages for personal injury
by legislation - where parliament has provided for the protection of minors and or persons without legal capacity who have received sums arising from the operation of statute (eg., Criminal Injuries Compensation Act 1976 and Workers Rehabilitation & Compensation Act 1988)

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