With a power, the executor has discretion as to whether or not to distribute the trust property but with a duty, no such discretion exists. In relation to your second q, id bring in remuneration briefly regardless of the question as long as it has something to do with trustees earning profits from the trust. Id also bring in the right to claim reasonable expenses.
On Mar 14, 7:58 am, ellenellen <[email protected]> wrote: > Can anyone please tell me the difference between a power and a duty in > respect of Trusteeship??? Also where there is a question concerning > trustees and their duty not to make a profit am I supposed to talk > only about profit in regards to the Fair Dealing and Self > Dealing....or do we also mention Remuneration? Or do I only talk about > Remuneration when the question specifically asks> --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "FE-1 Study Group" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.ie/group/FE-1-Study-Group?hl=en-GB -~----------~----~----~----~------~----~------~--~---
