The rewards of being a trustee, and giving back to society, should outweigh any worries about liabilities which potential trustees might have. However, anyone considering taking up the role will want to know what legal duties, responsibilities and potential liabilities are involved. While most people in the sector would find it difficult to name a single situation in which a trustee has actually suffered personal loss and liability, anyone wishing to become a trustee should know what the potential risks could be. 

Click here to read a brief from a firm of solicitors (Russell-Cook) with a track record in governance issues on Trustee liabilities which is quite straight forward to understand and should alleviate some of the misconceptions about trustee liabilities.