The Duties And Liabilities of Benefit – fund Trustees

The Duties And Liabilities Of Benefit-fund Trustees have evolved, from old English Common Law, in concert with the protective trusts they govern. Generally stated, trustees must do everything possible to protect and enhance the beneficial interests of the people served by the trusts they control. They must: conduct their duties to the best of their abilities; make their decisions with complete evenhandedness; and, avoid any and all actions that might hint at conflicted interest.
 
Should trustees fail in properly fulfilling their duties, they are individually and severally responsible for the results of such failure, without limit. That means that all of their personal assets may be attached, at law, as restitution for any trust values proved to have been diminished by their inappropriate decision(s) and actions.