Special trust advisers can be a practical appointment to allow a trustee or trustees to consult someone who may have more expert knowledge in a particular area without risking an improper delegation of the trustee’s duties. This means that the trustee can avoid liability when acting on the advice of a special trust advisers. Importantly, a special trust adviser is not an actual trustee and does not have ownership of trust property.
In this guide, the following topics are considered:
- Trust Act 2019
- Role and appointment of special trust advisers
- Reliance on special trust adviser's advice
- Background