... stick to the rules of apportionment; this is used to keep the balance between the capital and income. They must consider all kinds of investments, including sale of property and payment of tax. Accounts must be kept and copies given to the beneficiaries, other duties involving the loyalty to the trust are, not taking any personal profit from the trust, keeping trust property safe and investing trust money safely and wisely. Perhaps the most interesting duty is to keep a fair and just balance between the beneficiaries. Trusts usually require one of the trustees to have a professional knowledge of business, as the job can be very demanding. This can be either a professional establishment such as a bank, or an accountant or lawyer etc. It would seem in this case that Dermot is a professional of some sort. Turner v Turner [1984]2 illustrates the difficulties, which can appear if there ...

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