ABSTRACT
At the end of this chapter, you should be able to:
Ascertain the occasions that give rise to the appointment, retirement and removal of trustees
Understand why it is necessary to impose a number of onerous duties on the trustees
Identify the various duties that are imposed on trustees
Understand the scope of the powers that may be vested in trustees
Recognise when and how the terms of a trust may be modified
Analyse the occasions when a breach of trust may take place
Appreciate whether the trustee may enlist a defence to a claim for breach of trust
Comprehend the process of tracing and proprietary remedies
