The legal role of a trustee is to act in the best interests of the beneficiaries.
This is done by:
• Acting with integrity and in good faith at all times
• Exercising reasonable care and skill, including in the investment and management of trust funds
• Understanding the trust deed, complying with this and not exceeding their authority
• Balancing the interests of the beneficiaries without favour
• Avoiding any conflict of interest
• Keeping clear records, including trust accounts
• Providing the beneficiaries with information about the performance of the trust
• Not making any unauthorised profit from the trust