ABSTRACT

We turn now to consider the obligation borne by the trustee. This chapter will focus on those rights and duties which statute and the case law have developed: what should not be forgotten, however, is that the detailed terms of the trust will be decisive of most of these issues on a case-by-case basis. By considering both the case law and the statutes dealing with the obligations of trustees we will be able to form a more complete picture of the nature of a trust.