Trust's and trustee's.
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It is fundamental to the nature of a trust that a trustee acts in accordance with certain duties and powers conferred on them either expressly by the trust instrument or implied by the statute, so as to properly facilitate the administration of these trusts., For the purposes of this question Peter is a trustee and must conform to these powers and duties. As a trustee Peter must exercise such care and skill as is reasonable in circumstances1 (, Peter should be advised that his duty of care applies to all his extensive range of powers and any breach of this would enable the trust accounts to be surcharged with the income or capital that would have been trust income or capital but for his Peter''s breach of the equitable duty of care in acting within the powers conferred by statute or the trust instrument. Peter should be advised that...


