A trustee’s liability for failure to invest for the benefit of all beneficiaries of a trust

A trustee’s liability for failure to invest for the benefit of all beneficiaries of a trust

Author: Martin Frost (1998)

by Martin Frost FCIB, TEP

Trustee Manager, Barclays Bank Trust Company Limited
(From Issue 5, July 1998)

With the substantial recent growth in both numbers and value of professional negligence claims it is not surprising that many professionals have started to look at ways of limiting their potential liabilities for work undertaken.  One method is the use of the exoneration or indemnity clause and a second is “capping” of potential liability.

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