Powers and Duties of Executors and Trustees

Unless the powers of executors and trustees are extended or varied by the will, the powers are limited to those given by statute. The main statutory powers are set out here under: Section 3 of the Trustee Act 2000 (the Act) gives a general power to invest in anything other than land. Section 4(1) provides that when exercising any power of investment trustees must take into account the statutory investment criteria which are: The suitability to the trust of investments of the type proposed and of that particular investment as…

Online and email risk: think before you click

What you write in emails or on the internet could seriously damage your own or another person's reputation, you could lose your job and you and your company could be sued, or even imprisoned. Stop and think before you click Anything written in an email has the potential for public exposure (for example, if the email is forwarded to others). Posting on the internet is essentially making a public statement (for example, when commenting on social media sites, blogs or other electronic forums). Failing to take care about what you…

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