In the previous article on family trusts a lot of questions have
been asked by various individuals. These were questions arising
from areas which were not comprehensively articulated in that
article. It has been deemed prudent to do a follow up article which
comprehensively addresses the most frequently asked questions to
enrich the understanding of family trusts in the domain of estate
planning and management.
Who can appoint trustees?
A family trust is a creation of a family and therefore, the
answer as to who can appoint trustees can be provided for by the
creators of the family trust. Usually, the power to appoint the
first trustees is given to the settlor or the founder of the trust.
The board of trustees is also given powers to appoint trustees for
the duration of the trust and the trust deed provides the
procedures to be followed in coming up with the rightful
candidates. If the trustees cannot appoint the trustees for
whatever reason, the court can be roped
