What are a Trustee’s powers?
The Trustee has a responsibility to protect the 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.
The powers of a Trustee include the power to:
- sell, lease, buy or mortgage property;
- repair and improve prperty;
- insure;
- carry on a business;
- pay maintenance and advance funds.