What is a “Breach of Trust?”

If the Trustees do not act in accordance with the express or implied terms of the Trust, they can be sued for a breach of that Trust. If, for example, they have not insured a property in the Trust and ought to have done; if they have sold a property at an under-value; if they have sought personal advantage from their activities as Trustee; if they have been reckless about implementing the wishes of the settlor as expressed in the Trust; if they have preferred one creditor to the detriment of the other. These are all examples of breaches, in particular circumstances. It is all a matter of “trust.”

The Legal Company
3rd Floor
55 Old Broad Street
London
EC2M 1RX
(By Appointment Only)

The Legal Company
3000 Manchester Business Park
Aviator Way
Manchester
M22 5TG