Up until now, a trustee’s job description has been clear as mud with many families getting into strife unaware of their trustee’s responsibilities.

If the new bill comes into place, a trustee’s role will be clearly outlined, and include:

• Knowing the terms of the trust
•  Acting according to the terms of the trust
• Acting honestly and in good faith
• Acting for the benefit of the beneficiaries or the permitted purpose of the trust
• Exercising trustee powers for a proper purpose