Why a professional Trustee?

Why a  professional Trustee?

Being a Trustee brings with it serious responsibilities which can be onerous for the individual. It is vital for a trustee to be fully aware of the obligations and duties the role requires. Failure to do so can result in unlimited personal liability.

Castlewood Trust & Company Limited can provide  Trustees, act with you as Co-Trustee or simply advise the Trustees of their obligations. In that role we will:

  • Observe the terms of the trust – correct understanding of the trust deed is essential
  • Maintain the trust property – Trustees must control and preserve trust assets properly
  • Exercise reasonable care – the law imposes a statutory duty of care on Trustees
  • Act impartially – A professional Trustee has the benefit of not favouring particular family members
  • Work with Co-Trustees – all Trustee decisions must be unanimous
  • Review and maintain records and make required submissions to HM Revenue & Customs

Please contact us for more information about our services.

Castlewood Trust & Company Limited. Registered in England No 4240495  Registered Office: 3rd Floor, 70 Gracechurch Street, London EC3V 0HR

The information contained within this website does not constitute advice, is necessarily limited in scope and statements made are consequently general in effect. Although every

effort has been made to ensure the accuracy of the information Castlewood Trust & Company Limited cannot accept responsibility for any loss suffered as a result of persons

relying upon it. Clients are advised to consult with us or their own professional adviser. For a copy of our Privacy Notice click here.