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Trustee Act 2000

Executors may discover investments that the law regards as unsuitable for trust funds. »Ê¹ÚÌåÓýappy must dispose of the assets as quickly as possible. »Ê¹ÚÌåÓýappy have to re-invest the proceeds in suitable investments. This is not necessary if the will specifically allows them to hold the unauthorised investments.

This Act supersedes the Trustee Investment Act 1961.

»Ê¹ÚÌåÓýapp Trustee Act 2000 does not apply to Scotland, where trusteesâ€� powers of investment are subject to the Trustee Investments Act 1961 as amended by the Charities and Trustee Investment (Scotland) Act 2005.