Czech law currently provides that in most cases, the trustee of a trust must be a physical person rather than a company.
In many cases the right people to be your trustees are family members or trusted friends and advisers. However, in some cases you may wish to use the services of a professional trustee. This section provides an overview of trustees that are recognised by APRSF. These people have undergone a process of due diligence and have demonstrated their expertise, proven their experience and committed to adhere to the Code of Best Practice of APRSF.
The trustee administers the trust under a mandate from the founder of a trust (or other legally binding method), and it is totally his/her responsibility and liability. APRSF is not a party to any such legal relationship and does not provide supervision of the role of the trustee. APRSF therefore cannot be held liable in any way for any malperformance of the trustee and/or damage to trust assets and/or to the beneficiaries that may occur as a result of a trustee not fulfilling his/her duty. Nor can we guarantee that these persons will agree to act as a trustee in any particular case.