2179789
Description
Mind Map by Lauren Kegg, updated more than 1 year ago
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Created by Lauren Kegg
over 9 years ago
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Investment and Delegation
- 1.Source of trustee's powers
- Trust instrument
- TRUSTEE ACT 2000
- Case law
- Case law
- TRUSTEE ACT 2000
- Trust instrument
- 2. Trustee overarching duties
- Primary fiduciary
duty to
beneficiaries
- Act in good faith
- BRISTOL &
WEST
BUILDING
SOCIETY V
MOTTHEW
- BRISTOL &
WEST
BUILDING
SOCIETY V
MOTTHEW
- Do not allow
personal
interests to
conflict their
duty
- BRAY V FORD
- BRAY V FORD
- Not derive
personal benefit
from being
trustee
- Act in good faith
- Primary fiduciary
duty to
beneficiaries
- 3. Core Duties in investment
- Bring trust
fund under
their
control and
possession
- RE FLOWER
- RE FLOWER
- Act prudently
- SPEIGHT v
GAUNT,
LEAROYD V
WHITELY
- SPEIGHT v
GAUNT,
LEAROYD V
WHITELY
- Act
even-handedly
between
beneficiaries
- LLOYDS BANK
V DUKER
- LLOYDS BANK
V DUKER
- Act in best
interests of
beneficiaries
at all times
- COWAN V SCARGILL
- COWAN V SCARGILL
- Manage a
controlling
interest
- RE LUCKING
- RE LUCKING
- Bring trust
fund under
their
control and
possession
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