Hello, capitalists, and welcome to the wild world of trustees and their investment adventures! Today, we embark on a journey through the realm of the General Power of Investment, a magical ability granted by none other than the Trustee Act 2000. It’s like giving a trustee a key to investment wonderland – but only a few gates remain closed. Let’s delve in!
🚀 The Genesis of General Power§
Once upon a time, in a world where trustees could only tiptoe around a limited pool of “authorized investments,” came a game-changer: the Trustee Act 2000. With majestic flair, it bestowed upon trustees the General Power of Investment. Now, they could make any investment their capitalist hearts desired (as long as they respected a few elderly rules around land). 🏞️
Trust Me, I’m a Trustee!§
Picture a trustee with the flexibility and freedom of a seasoned stock market aficionado. The General Power of Investment allows trustees to invest just like they owned the assets themselves. They can now strategically dive into anything from stocks to bonds, down to choosing which brand of coffee to buy with the trust fund (well, almost).
However, they can’t quite trade land like vintage Pokémon cards just yet! Some age-old restrictions still apply. Here’s how: