Protecting trustees who part with trust assets: overview | Practical Law
An overview of how trustees can protect themselves from liability when they part with trust assets, explaining that trustees may need protection because they incur personal liability, that protection is available to them under trust law by way of a right of indemnity and an equitable lien, and that they can take steps to protect themselves such as taking contractual indemnities and limiting their liability. It concludes by discussing what protection they need in practice and flags potential conflict of interest.