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As a Trustee you should be aware of the financial requirements of the beneficiaries. You may, for example, be appointed to a Trust where the beneficiary is a charity, and the requirements include capital growth. You should also be aware of any life tenants (beneficiaries in a Life Interest Trust) and take their needs into account: income? Capital growth? Both? 

  • Whatever your specific responsibilities, you will need to be aware of the scope and style of investments that you can make. This scope is detailed in the Trust Deed and will give very restrictive investment choices, such as bank and building society deposit accounts only. However, it might give far wider powers to include Unit Trusts, Shares, Life Assurance Investment Bonds and property.
  • You should also be mindful of the tax position of the Trust and the beneficiaries, as this will affect which types of Trustee Investments are suitable and which types of investments are less favourable. Trustee Investments do not include the same security of capital which is afforded with a trustee deposit account. You may get back less than the amount invested.

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