Geoffrey Shindler examines the range of personal risks inherent in acting as a trustee, from the personal nature of covenants to some potential criminal offences (taken from Isssue No 13 – October 2000)
Victorian values (and before) Whilst no doubt silently applauding their good nature and personal self-sacrifice, Judges through the ages have given trustees something of a hard time. Lord Hardwicke said in 1747 that a trust
`if faithfully discharged with no small degree of trouble and anxiety is an act of great kindness in anyone to accept it`;
Knight -v- Earl of Plymouth (1747) 3 Atk 480.
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The Trust Quarterly Review is published in partnership with STEP, it discusses matters of interest to trustees and executors with a focus on the particular interests of trust corporations in mind