In addition to compliance, trustees are responsible for the day-to-day administration of the trust.
This includes managing accounts, lodging tax returns, maintaining accurate records, and monitoring how funds are used.
Strong administration ensures the trust continues to operate efficiently and supports the long-term needs of the beneficiary.
👉 This is Step 8 in our SDT series. Read the full overview here.
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Disclaimer and Warning
The information above is of a general nature only. It should not be used as a source to make financial decisions. It’s also important to note that the legislation and figures related to this topic tend to change regularly and therefore the information above may not reflect the current status. We recommend that if you are looking for advice on this matter, you should contact us.