A trustee is one who has been appointed to hold the deceased estate in trust for a beneficiary of less than 18 years of age. The trustee owes a fiduciary duty to the beneficiary of the trust and must act in the best interest of the beneficiary. A trustee as a legal owner of the trust property has the following duties to perform:

  • Ensuring trust property is registered in the name of the trustees.
  • Strict compliance with the terms of the trust deed.
  • Acting impartially between all beneficiaries.
  • Duty to provide information
  • Act unanimously
  • Duty to consult beneficiaries from time to time and act based on their instruction.
  • Duty to act personally and not delegate his duty to another.
  • Distributing the trust funds.
  • Keeping accounts.
  • Completing the trust self assessment returns.
  • Paying any tax due.
  • Investing trust funds
  • Duty to handover the estate to the beneficiary upon attainment of majority.


Please call us on 0207 183 0084 or email us on property@olaleslie.com  if you want to draft your will or  need advise on appointing a trustee and to ask us about any reservations or queries that you may have; we are always happy to assist.