Trustees — Appointment, Powers and Duties — SQE1 FLK2 Trusts Law
Notes de l’épisode
Six friends are named as trustees of a farm, all six are willing and able, and only four of them are trustees at all.
Practise this topic with exam-style questions: sqe1prep.co.uk
In this episode:
- Four trustees maximum for land, two minimum for a valid receipt
- Saunders v Vautier terminates a trust, it does not appoint trustees
- Duty of care is higher for professionals and for claimed expertise
- Maintenance is income for minors, advancement is capital for anyone
- Investment policy is delegable, distribution decisions are not
Narrated by an AI voice from a script written and checked by the editors at sqe1prep.co.uk. Educational content only — not legal advice. SQE1 Prep is not affiliated with or endorsed by the SRA or Kaplan.