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Trustees beware
Blog, Commercial Law, Succession Planning Peter Griffin Blog, Commercial Law, Succession Planning Peter Griffin

Trustees beware

As a trustee, you have a crucial obligation to act in good faith, responsibly, and reasonably. You must inform yourself of all relevant matters before making any decisions and seek professional advice when required. Failure to do so can result in serious consequences, such as being removed as a trustee or held personally liable for losses suffered by the trust or beneficiaries.

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