This is a very important role as the appointor can appoint and remove trustees under the powers of the Trust Deed. The Trustee may have responsibility for the day to day running of the trust however the appointor retains ultimate control. The appointor’s consent is also required to make any amendments to the Trust Deed. The NowInfinity Trust Deed allows for the appointment of this role to be optional. If chosen, the trust can have one or more appointor’s as well as successor appointor roles based on specific events. If there are two or more appointor’s they must exercise their powers jointly. If you were to have a single individual trustee it is not recommended that person also be the sole appointer. In this instance joint appointors should be put in place.
Who is an appointor/principal of the Trust?
Article is closed for comments.