Whether a trust is established to provide income for you or your spouse, mitigate inheritance tax or educate your grandchildren, a trust fund requires professional investment advice in accordance with the investment powers of that trust.

Duty of Care
Traditionally, parliament provides guidance to trustees as to their duty of care:  they must invest trust fund monies prudently, objectively, and consider the tax implications of any investment. However, there are a growing number of legal cases in which courts have ruled that trustees failed to meet the required standard of care.  If you are a trustee, maintaining the knowledge required to act is an onerous obligation; and your liability for acts and/or omissions is increasingly becoming a major concern.

Peace of Mind
In addition to widening the investment powers of a trust, the Trustee Act of 2000 stipulated that trustees must seek appropriate independent advice.  Robert Magee and Associates Ltd provide a Trust Audit Service for trustees and the professionals who work with them.  The aim of the audit is to advise you on how to invest existing trust funds and to guide you in ensuring that beneficiaries' interests are protected and trustee duties are met.

Whether you are a solicitor acting for a number of trust funds or an individual acting as a trustee, Robert Magee and Associates Ltd can review your situation and advise you on meeting your legal obligations..