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Trustee Liability: What Every Trustee Needs To Know

Trustee Liability: What Every Trustee Needs To Know

Trustee Liability: What Every Trustee Needs To Know

Author: Ammundsen, Vicki
Publisher: CCH New Zealand
ISBN: 9781775470885
Published In: April 2015
Format: Paperback
Jurisdiction: New Zealand ? Disclaimer:
Countri(es) stated herein are used as reference only

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This practical and up-to-date book, presented in a question-and-answer format, provides guidance on matters to consider before accepting appointment as a trustee; examines sources of trustee liability; and explores fact-based scenarios where trustees have incurred liability as well as addressing options for limiting liability. The text also references relevant case law. Topics covered include: appointment as a trustee how trustee liability arises joint and several liability sources of trustee liability trustees' liability for income tax and GST rights of indemnity and reimbursement liability for decisions of co-trustees liability for court costs mitigation of trustee liability through appropriate governance risks arising from inappropriate delegation the use of corporate trustees appropriate insurance options.

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