Latest News [index] Shining some light on how to avoid trustee liability
We write regularly about trustee liability and the importance of appreciating the duties and obligations inherent in the role of trustee.
What it is also to appreciate is that a trustee can remain liable for certain taxes even if the trustee has retired, if the trustee does not advice the IRD of the retirement.
This is a matter that is so often overlooked that it has become one of the biggest reasons for professional trustees making claims under professional indemnity policies.
If you have a question about retiring from a trusteeship please telephone or e-mail a member of the Ayres Legal Team.