Trustees bear personal liability for distributing trust property and must ensure accuracy in amounts and recipients, as mistakes—intentional or not—are their responsibility. Diligence or advice does not absolve liability; the only protection is obtaining a court decree of distribution. This underscores the importance of understanding a trustee’s duties and liabilities, as courts of equity assess whether trustees have fulfilled their obligations and acted within their powers.
00:00 Introduction to Trust Fund Distribution
00:17 Trustee’s Personal Liability
00:34 Mistakes and Consequences
00:49 Court Protection for Trustees
00:55 Course Objective and Conclusion