What are a Trustee’s powers?

A trustee has a responsibility to protect your trust. The role of a trustee is regulated by legislation, common law and the deed or Will which creates the trust and demands prudence, impartiality and efficient administration.

A trustee’s powers include:

  • selling, leasing, buying or mortgaging property;
  • repairing and improving property;
  • insurance;
  • carrying on a business;
  • paying maintenance and advancing funds.

How the Public Trustee can help

Being a trustee is an extremely demanding task that requires a good understanding of legal, accounting, investment and taxation matters.

Because a trust is usually administered over a long period of time, it is wise to opt for a reliable and longstanding organisation such as the Public Trustee.

If you would like more information on how the Public Trustee can look after a trust, please fill out the form below and one of our friendly representatives will be in contact to confirm your appointment, or please contact your nearest Public Trustee branch.

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