Commentary on Sections Section 13 Insurance against claims: trustees
48.Section 13 applies where a trust arises as a result of a declaration of presumed death or where trust property is affected by such a declaration (subsection (2)). In these circumstances and if directed by the court so to do, the trustee must as soon as reasonably practicable take out insurance against claims that could arise as a result of an order under section 7(2) following the making of a variation order (subsection (1)). The cost of the premium may be paid by the trust (subsection (3)).