How are Trustees appointed?
A Trustee may be appointed in many ways including the following:
- by a Trust established under a Will (testamentary Trust);
- by the Supreme Court of Tasmania – for example when a minor (a person under 18) or a person without legal capacity receives damages for personal injury in a Court case; or
- by legislation – where Parliament has provided for the protection of minors and/or persons without legal capacity who have received sums arising from the operation of statute eg. Victims of Crime Assistance Act 1976, Workers Rehabilitation & Compensation Act 1988 and Motor Vehicles ( Liabilities and Compensation) Act 1973.