Key Takeaways
- Understand why the Trust Registration Service exists and when to use it
- Describe which trusts must use the service and which are exempt
- Understand the various situations in which a trustee may wish or need to be replaced, including retirement, death and incapacity
- Learn about the importance of the trust deed and the statutory provisions
- Work through examples to understand various scenarios
- Understand the roles, responsibilities and powers of trustees
- Describe trustees’ essential record keeping obligations
