An Exemption Clause designed to protect trustees can place the Trust in a vulnerable position

Trusts are inevitably becoming more popular as a means of protecting assets but exemption clauses designed to protect trustees against liabilities can be detrimental to the trust and beneficiaries. We review an interesting case in STEP's Industry Insight and explain how a trusteee liability policy can protect not only the trustees but the trust itself.

How can you protect beneficiaries, the trust and trustees?