Quote Originally Posted by impacman View Post
No we don't but the other trustees have okayed me to manage the share portfolio on their behalf. The trust holds other assets as well so it hasn't been set up to solely invest in equities. Will raise this with our accountant to get their view and let you know the opinion. Thanks for the heads up though.

Cheers
Your Accountant hopefully has ensured what you are doing is well documented!

Using a Trust has pitfulls where Trustees, MUST be acting in the best interests of the Beneficiaries.

There have been court cases where Beneficiaries have successfully sued the Trustees for capital losses, when they were acting outside the scope of the Trust Deed.

I'd be making sure your Accountant reviews everything annually, including all documentation.