On the desirability of establishing by Act of Parliament a corporate body to act as trustee, executor, administrator etc.
Citation:Lawson, William. 'On the desirability of establishing by Act of Parliament a corporate body to act as trustee, executor, administrator etc.'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. IX, Part LXVI, 1886/1887, pp181-186
Every person who dies possessed of any estate, however small, must be succeeded by an administrator, executor, or trustee, whose duty it is to administer, manage, or realize that estate in accordance with the provisions of the law, or the expressed wishes of the deceased; and during life cases are of constant occurrence in which, from necessity or expediency, or the incapacity or absence from the country of proprietors, the control of estates falls upon trustees, attorneys, agents, receivers, etc. Despite the difficulties and disadvantages that have been enumerated, and many others that will suggest themselves to the readers of this paper, no alternative mode of carrying into effect the wishes of a principal, unable or unwilling to act himself, seems possible, unless we can substitute combined for individual action. This may be done either by establishing a company or corporation, or by creating a state department. There are objections to this last, especially in a country where the state has too much to do already. Such a department, however, exists in other countries?e.g, in Australia, New Zealand, India, and elsewhere, and apparently works well.
Desirability of official trustee body
Overseas public trustees
Publisher:Statistical and Social Inquiry Society of Ireland
Series/Report no:Journal of The Statistical and Social Inquiry Society of Ireland
Vol. IX, Part LXVI, 1886/1887
Description:Read, Monday, 21st February, 1887