Trustees: Need to Know 5 – Second thing for the new trustee

The second thing the new trustee should ensure is that the assets are all secure.  Are they there?  Are they in good condition?  Is maintenance up to date and are they safe?  Are they insured?  Trustees generally have an overriding right to arrange insurance, and to pay the premium from either trust income or capital.

This will be one of the topics reviewed in more depth during the forthcoming Trustee Training Events at Rhug estate and Ragley Hall, organised in conjunction with the CLA. For more details:

Trust Programme Spring 2015

This is the fifth of 10 brief ‘Need to Know’ notes for trustees and their professional advisers.

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2 thoughts on “Trustees: Need to Know 5 – Second thing for the new trustee

  1. Charles. This series looks very interesting but with travelling to location and out of office time would be a be impractical for me. Will you be producing a condensed booklet for sale? I would be very interested in that. Thanks.

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