Podcast
Questions and Answers
What is the nature of a trustee's duties and powers?
What is the nature of a trustee's duties and powers?
- Ethical and moral
- Administrative and fiduciary (correct)
- Professional and personal
- Legal and financial
In Buttle v Saunders, what action led to the court finding that the trustee failed their duty?
In Buttle v Saunders, what action led to the court finding that the trustee failed their duty?
- Failing to maintain the property
- Investing in an unsound financial scheme
- Accepting a lower offer for the property
- Rejecting the higher offer of the property (correct)
What are the discretionary powers of a trustee according to Turner v Turner?
What are the discretionary powers of a trustee according to Turner v Turner?
- Appointment, Termination, Revision
- Duties, Liability, Statutory compliance
- Investment, Delegation, Remuneration (correct)
- Maintenance, Advancement, Exclusion clauses
What is the starting point for the sources of a trust instrument?
What is the starting point for the sources of a trust instrument?
Under which statute does Section 36 TA 1925 give the power to appoint additional trustees?
Under which statute does Section 36 TA 1925 give the power to appoint additional trustees?
Who has the power to appoint additional trustees according to the text?
Who has the power to appoint additional trustees according to the text?
What is the minimum age requirement for beneficiaries under TOLATA 1996?
What is the minimum age requirement for beneficiaries under TOLATA 1996?
In trust law, what is the maximum number of trustees allowed for land?
In trust law, what is the maximum number of trustees allowed for land?
According to the Trustee Act 1925, what is the rule of survivorship applicable to joint tenant trustees?
According to the Trustee Act 1925, what is the rule of survivorship applicable to joint tenant trustees?
Under what circumstances can a trustee be removed from their position?
Under what circumstances can a trustee be removed from their position?
What does S.29 TA 2000 apply to in terms of trustees' remuneration?
What does S.29 TA 2000 apply to in terms of trustees' remuneration?
According to Re Wragg, what duty do trustees have in terms of investment?
According to Re Wragg, what duty do trustees have in terms of investment?
What must a trustee do before investing according to Webb v Jonas (1888)?
What must a trustee do before investing according to Webb v Jonas (1888)?
'The starting principle is that trustees may not delegate their responsibilities' - this principle applies unless:
'The starting principle is that trustees may not delegate their responsibilities' - this principle applies unless:
What happens if there is more than one trustee and they are in breach of their duties?
What happens if there is more than one trustee and they are in breach of their duties?
When is the property automatically vested in a new trustee according to S.40 Trustee Act 1925?
When is the property automatically vested in a new trustee according to S.40 Trustee Act 1925?
