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The Trustees will often be close family members and/or friends. They can also be professionals such as solicitors or accountants, but they will normally charge for their services. Trustees have a duty to act in the best interests of the Beneficiary and ensure that the Trust Fund is used for their benefit.
The Trustees will need to open a separate bank account to administer the Trust Fund. They will be signatories to this account and it is recommended they maintain a record of all transactions.