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;
- 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.