Trustees’ “core” duties

There are duties of trustees that are described as so fundamental that they maybe termed “core” duties {Per Millett LJ in Armitage v Nurse [1998] Ch 241; [1997] 3 WLR 1046 at 1056-1057; 2 All ER 705}

In Rankine v Rankine [1998] QSC 48 de Jersey CJ referred to “an irreducible core of obligations to perform the trusts honestly and in good faith for the beneficiaries.”

Ford and Lee in The Laws of Trusts at [9.270] state:

“It is submitted that in addition to the trustees’ duty of loyalty, other “core” duties include the duty to adhere to the terms of the trust, to keep and render accounts and to act personally.”

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