These unprecedented times of COVID-19 are challenging for all of us and trustees are no exception. Trustees can face a wide range of issues from investment values to beneficiaries dying. This article will consider trustees duties and how trustees might manage those duties during COVID-19.
Trustees’ duties do not change because of the impact of COVID-19. These duties will generally require trustees to act in good faith and in the best interests of beneficiaries. Such duties are far-reaching and are principally judged objectively and their applicability will change depending on circumstances. In the new world of COVID-19, c...