Author: Simon Taube (2000)

Simon Taube – 10 Old Square, Lincoln’s Inn
(taken from Isssue No 12 –  July 2000)

 This is the text of the address given to the joint STEP(London Central and City branches) and TACT meeting held on 18th April 2000 at The Insurance Institute of London, Aldermanbury.

Introduction

The title of this lecture is `Trustee Protection`. Being a trustee seems a dangerous and thankless task to most sane people. Members of STEP and TACT should be truly grateful that out there in the real world, and even among our own members, there are heroic figures who are willing to put their heads above the parapet and let themselves be shot out as trustees. Our job is to protect them. Trustees need protection from potential attacks from all quarters: from their settlors and beneficiaries; from creditors; from those to whom they owe obligations under statutes or in tort; from the Inland Revenue; and perhaps from themselves.