Question: 5. Understand trustees' administrative powers and duties - This learning outcome relates to administrative duties that are distinct from fiduciary duties. - Power of advancement

5. Understand trustees' administrative powers and duties

- This learning outcome relates to administrative duties that are distinct from fiduciary duties. - Power of advancement - conditions and rules governing application - Power of maintenance - conditions and rules governing application

- Duty of care - meaning and application - Duty to invest - Trustees Act 2000, principles of rational investments, defense

- Limitation of liability - validity, application, effects.

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