How do I use the Bond?
Training 4: How do i use the Bond?
In this video, Simon briefly explains the role of the Trustee of the Bond.
If you recall a trustee is:
'An individual person or member of a board given control or powers of administration of property in trust with a legal obligation to administer it solely for the purposes specified.'
A Trustee has duties, and obligations to fulfill for the benefit of the beneficiary, or beneficiaries.
A Trustee should possess a good-level-of-competency, and should only approve and or authorise disbursements from “trust-funds”, once due-diligence has been completed.
Whilst the word trustee is synonymous with a role of “service”, for example, “prisoners”; it is on the flip side, a position which has power; the power to investigate, conduct due-diligence and authorise, or not, as the case may be.
The real question here is: “should you take-the-position of being a trustee?” Well, that's just one question which needs to be answered in detail, and that’s why we’ve organised a seminar. Find out more by clicking the button.