Industry News

Trustee’s powers – what should you include in the wills you draft?

Why we need to include them at all –

Why can’t we rely solely on what’s in the Trusts Act 1973?

Why do we need them in a will?

Practical examples of particular trust powers in wills/deeds and why they should be used and what could happen if they are not, including:

(a)   what are the particular positive and negative features of the powers as contained in the legislation;
(b)   which ones in their legislative form, are adequate, which ones are inadequate, and how might they be modified;
(c)   what happens if powers are not included;
(d)  why do we need to include any trust powers in the documents that we draft, given what is in the legislation.