There is no denying the advantage of acting early and acting swiftly in defending the rights of beneficiaries particularly if it is suspected there may be flagrant misappropriation of trust assets by trustees.
It is vital to preserve the remaining assets through decisive actions including replacing the trustee, asset tracing, asset recovery and other legal procedures necessary in whichever jurisdictions the assets are held or wherever the trustee resides or has hidden the money.
Duties of Trustees
Trustees have a duty to execute the trusts as set out in the Deed and as prescribed by law. Duties of competence and good faith are owed to the beneficiaries including the provision of timeous accusations. We have extricated accounts from numerous reluctant trustees.