One of the keys to any effective working relationship is a good understanding of respective roles and responsibilities.
Trustees are obliged to exercise their discretion in accordance with the trust instrument and in the best interests of all of the beneficiaries.
Very rarely, however, are beneficiaries provided with the necessary information and know how to be able to be a good beneficiary. By providing beneficiaries with completely independent and conflict free guidance and education, misunderstandings can be avoided, and good working arrangements established and maintained. This applies to not just the structure itself but also matters such as trustee decision making, trust accounts, rights to information, and factors affecting the trust and its administration.