Custodian Trusteeship

What is the difference between a Trustee, Custodian and a Custodian Trustee?

Custodian trustees must meet special requirements so should not be confused with custodians or trustees. When a trust is set up, there is the beneficiary who has absolute rights to assets and income generated by the trust.

  • Trustee: Someone nominated to manage the assets of the trust for the beneficiary.

  • Custodian: An organisation such as a bank, or a stock company which holds the assets. Custodians do not have the authority to make decisions on how to manage the trust whereas trustees do.

  • Custodian Trustee: Selected from bodies listed under rule 30 in the Public Trustee Rules 191 (more specific than a custodian). The sole purpose of a custodian trustee is to hold trust assets. Separate trustees are appointed to manage these assets.


Who requires a

Custodian Trustee?

Charities and churches predominantly need to appoint custodian trustees to hold properties.

How we can

help you

The legislation around custodian trustees is challenging to navigate. We can use our experience to set-up your trust and find a suitable custodian trustee. Your requirements will be met through our efficient and reliable service. Call us to discuss your circumstances and book a free consultation with More Group.

Looking for trustee services?

  • LinkedIn

Terms and Conditions  Privacy Policy  Cookies Policy


© 2021 More Group LTD. All rights reserved.

Offices in UK and Ireland. Associated businesses in Netherlands, UAE, and USA. Registered UK Office: More Group (Accounting) Limited, 65 Compton Street, London, EC1V 0BN Registered in UK & Wales with Company Number: 08282882 Directors: M.Conroy FCCA ACA Chartered Tax Adviser FFA FFTA and D.Mould FCCA FAIA CMgr MCMI Registered Ireland Office: Distillery Buildings, Lauragh IDA, Bandon, Co. Cork More Group is the registered business name (no. 535859) of Moretogether (Ireland) Limited, Registered in Ireland with Company Number 5503860 Directors: M.Conroy FCCA ACA Chartered Tax Adviser FFA FFTA (British), D. Mould FCCA FAIA CMgr MCMI (British) and Lee Fox.




Website by Divergent Path.