09/06/2026
Trustees often take on more risk than they realise, especially when entering contracts on behalf of a trust. It is a common misconception that when signing documents in your capacity as a trustee, your risk is limited to the assets of the trust. Unfortunately, this is not the case. A contract that is enforceable against a trustee can be enforced against the trustees (or any one of them) personally.
It’s a timely reminder for anyone acting as a trustee to understand the trust’s financial position and the obligations they’re signing up to.
Read the full article here: https://www.thomsonwilson.co.nz/news-and-articles/2026/trustees-taking-on-liabilities-of-the-trust
If you have questions about your responsibilities as a trustee, our team is here to help.