Management Law (trusts)

Running Head : TRUSTEESDuties and Responsibilities of TrusteesNameCourseCollegeTutorDateIntroductionA send refers to an arrangement whereby faithees hold slur of the beneficiaries . It is referred to as a being an equitable obligation hold fast a person called a trustfulnessee (Lawrence , 2001 . A trust can be enforced by a beneficiary whether or not he /she is not a part of a trust . A trustee has full appointment of the trust unlike an agent since agency is based on agreement . Many people prefer trusts to agencies since they are sixpenny to set up and the employees pass water full liaison in the administration of the scheme . A trustee is therefore a person who is responsible for holding other peoples post and lay out in the interest of others rather than his /her wonDuties of a trusteeThe trustees therefore cr eate certain duties imposed on them that they should birth out on behalf of other people . They also arrive 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 nem con . Unless the trust transaction has stated otherwise , all trustees capture the duty to throw all the conclusions binding the trust . In cases where the majority decision wins , the decision should bind the minority (Huston , 1999The trustees have the...If you want to get in a full essay, entrap it on our website: BestEssayCheap.com

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