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Template Comprehensive Whanau Trust Order Final Version 30 June 2020

DEFAULT TRUSTEE DUTIES 1.1 When administering the Trust (other than when exercising a discretion to distribute Trust Property), each Trustee must exercise the care and skill that is reasonable in the circumstances, having regard, in particular: (a) to any special knowledge or experience that the Trustee has or that the Trustee holds out as having; and (b) if the person acts as a Trustee in the course of a business or profession, to any special knowledge or experience that i...

Documents/Guides-Templates-Factsheets/Template-Comprehensive-Whanau-Trust-Order-Final-Version-30-June-2020.pdf (237 kb)

20210715 Trustees Role and Duties

The default duties are: • General duty of care When administering a trust, a trustee must exercise care and skill that is reasonable in the circumstances, taking into consideration any special knowledge or experience that they have, and any special knowledge or experience that it is reasonable to expect of a person acting in the course of their profession or business. • Invest prudently When exercising any power to invest trust property, a trustee must exercise the care and skill...

Documents/Guides-Templates-Factsheets/20210715-Trustees-Role-and-Duties.pdf (349 kb)