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LegalComplianceTax & AccountingJune 26, 2024

Guide to the Role of the Special Trust Adviser

Special trust advisers can be a practical appointment to allow a trustee or trustees to consult someone who may have more expert knowledge in a particular area without risking an improper delegation of the trustee’s duties. This means that the trustee can avoid liability when acting on the advice of a special trust advisers. Importantly, a special trust adviser is not an actual trustee and does not have ownership of trust property.

In this guide, the following topics are considered:

  • Trust Act 2019
  • Role and appointment of special trust advisers
  • Reliance on special trust adviser's advice
  • Background
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