PUBLIC TRUSTEE ACT 1995 - SECT 14
PUBLIC TRUSTEE ACT 1995 - SECT 14
14—Appointment as executor or trustee
(1) A person may
appoint the Public Trustee, either solely or jointly with another person or
persons, to be executor or trustee of his or her will or to be trustee of a
settlement or other disposition of trust property made by the person.
(2) The Public Trustee
must accept such an appointment unless granted permission to refuse by the
Court on the ground that the nature of the trusts and the duties to be
performed make it undesirable that the Public Trustee should act.
(3) If the Court
grants permission, it may make such other provision as may be appropriate in
the circumstances for the administration of the estate or trust property.
(4) If the Public
Trustee is appointed executor or trustee jointly with another person, the
Public Trustee has sole authority—
(a) to
receive money and hold money on account of the estate or trust; and
(b) to
give valid receipts for money paid to the estate or trust; and
(c) to
make payments from the estate or trust.