Trustee Liability: What Every Trustee Needs to Know is a practical, up-to-date guide that every trustee and potential trustee should read.

The realities of being a trustee are discussed and concise commentary on each topic alerts the reader to the risks associated with trustees’ duties and obligations. Examples drawn from real-life situations are then used to illustrate the issues in a straightforward question and answer format.

The book also outlines strategies and practical steps that trustees can take to protect themselves against liability.

Topics covered include:

• appointment as a trustee
• how trustee liability arises
• joint and several liability
• sources of trustee liability
• trustees’ liability for income tax and GST
• rights of indemnity and reimbursement
• liability for decisions of co-trustees
• liability for court costs
• mitigation of trustee liability through appropriate governance
• risks arising from inappropriate delegation
• the use of corporate trustees
• appropriate insurance options.

The text references relevant case law.

Who should buy this book:

This book will be an invaluable guide for anyone advising a trustee, anyone considering acting as a trustee or a trustee who wants to fully understand the obligations they have taken on.