It is trite to say that once a trustee is appointed and accepts the office, s/he becomes subject to the duties and powers of that office. A trustee’s liability, in the event that he is found to have breached his/her duties, or exceeded his/her powers, is personal.
In the case of discretion, absolute is not absolute.
By Corina WeiglcloseAuthor: Corina Weigl
Name: Corina Weigl
Email: cweigl@fasken.com
Site: https://www.fasken.com
About: Corina Weigl is a partner in the Trusts, Wills, Estates and Charities group at Fasken, a leading international law firm with over 650 lawyers and 9 offices worldwide that offers comprehensive estate planning, estate administration, personal tax planning, charitable giving and estate litigation services. Email: cweigl@fasken.comSee Authors Posts (104) • February 24, 2011
Email: cweigl@fasken.com
Site: https://www.fasken.com
About: Corina Weigl is a partner in the Trusts, Wills, Estates and Charities group at Fasken, a leading international law firm with over 650 lawyers and 9 offices worldwide that offers comprehensive estate planning, estate administration, personal tax planning, charitable giving and estate litigation services. Email: cweigl@fasken.comSee Authors Posts (104) • February 24, 2011