Section 45 — Trusts Act 2019: Trustee must keep core documents

45 Trustee must keep core documents Each trustee of a trust must keep, so far as is reasonable, the following documents relating to the trust: (a) the trust deed and any other document that contains terms of the trust: (b) any variations made to the trust deed or trust: (c) records of the trust property that identify the assets, liabilities, income, and expenses of the trust and that are appropriate to the value and complexity of the trust property: (d) any records of trustee decisions made during the trustee’s trusteeship: (e) any written contracts entered into during that trustee’s trusteeship: (f) any accounting records and financial statements prepared during that trustee’s trusteeship: (g) documents of appointment, removal, and discharge of trustees (including any court orders appointing or removing trustees): (h) any letter or memorandum of wishes from the settlor: (i) any other documents necessary for the administration of the trust: (j) any documents referred to in paragraphs (a) to (i) that were kept by a former trustee during that person’s trusteeship and passed on to the current trustee.