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To trustee or not to trustee? Chris Belcher weighs up the odds

9 May 2012

As private client practitioners we’ve all been there... that moment in the meeting when the client looks you in the eye and asks “Will you please act as my trustee?”

And in return, that is when the adviser’s eyes often light up. A trusteeship, a long-standing client relationship, a regular fee income, an old-fashioned retainer!

Without wanting to seem too keen (well, that would be impolite) the reply is uttered: “Why, yes of course.”

Careful consideration

But next time you find yourself in that situation, before you reply in that way, I would urge you to take a moment to consider your response just a bit more carefully. Here are a few thoughts which I hope will also be going through your head.

You must consider whether acting as trust...

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