April 24, 2013

It is a fundamental principle that every trustee has the right to be indemnified out of the trust property for all expenses properly incurred in the administration of the trust. The trust instrument itself does not have to guarantee that the trustee will be indemnified; the trustee’s right to be reimbursed for expenses is a rule of equity as well as guaranteed by statute.

Read the full paper here: Trustee Indemnification – Recent Developments by Justin de Vries and Gillian Fournie