z_Trusts & Estate Planning

Risks in setting up own trust companies

Tuesday 23rd of March 2004
The case for setting up a corporate trustee is that it has advantages if trustees die or there are disagreements between them. In such cases, it is a matter of appointing new directors of the trustee company, whereas if the trustees are appointed directly the trust deed has to be amended, with all the costs associated with that.

However there are downsides.

There is a problem of accountabil...

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