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Trustee Liability: What Every Trustee Needs To Know, 2nd Edition

Trustee Liability: What Every Trustee Needs To Know, 2nd Edition

Trustee Liability: What Every Trustee Needs To Know, 2nd Edition

Author: Vicki Ammundsen
Publisher: CCH New Zealand
ISBN: 9781775473633
Published In: August 2020
Format: Paperback
Jurisdiction: New Zealand ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 460.00

HKD 446.20 Save HKD 13.80 (3%)

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Trustee Liability: What Every Trustee Needs to Know is a must-have for trustees, trust advisers and anyone involved with administering trusts.

This practical text provides guidance for trustees on matters they should consider before accepting appointment as a trustee, examines sources of trustee liability, and addresses options for limiting and mitigating liability.

Fully updated for the Trusts Act 2019, this second edition makes extensive use of case law and practical questions and answers to illustrate the concepts discussed.

Topics covered include:
- appointment as a trustee
- how trustee liability arises
- joint and several 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.
The text references relevant case law.

Who should buy this book:

This book will be an invaluable guide for anyone advising a trustee, anyone considering acting as a trustee or a trustee who wants to fully understand the obligations they have taken on.
Vicki Ammundsen is a director at Vicki Ammundsen Trust Law. Vicki's approach to trust law is practical but also grounded in a good understanding of trust law principles, related legislation and case law. Vicki is the author of other texts including Taxtaion of Trusts and The Trustee's Handbook. Vicki advises on all areas of trust law as part of her day-to-day role as a trust practitioner.

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