A Trustee is a Trust Corporation or a person chosen by you to carry out your instructions. As a Trustee, he has a fiduciary duty to act in the best interest of the Beneficiaries. This is achieved by fulfilling the terms of the Trust and governed by various laws and regulations, such as the Trustee Act 1949 and the Probate and Administration Act 1959.
The Trustee is the keeper of trust assets and acts as the implementer of terms of the Trust Deed for the Beneficiaries who shall enjoy the income generated from the Trust during the trust period and also the trust capital when the Trust ends.
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