Reply To: ABN to volunteer fruits of labour through unregistered trust.

[morag-janet-of-the-hill-family]

This is from the Weiss Concise Trustee Handbook page 10…

“Furthermore, there is no law prescribing the character of a trustee, and while it

has been held that a trust cannot be invalidated simply due to incompetence, the trustee

should be at least someone capable and fit for executing the powers and duties

honorably.56 (This is the basis for the general rule that beneficiaries are not desirable as

trustees, though there is no law to forbid such appointment.)”