This popular webinar, which will include a case book will consider recent case law developments, canvasses how and why trustee liability arises, what trustees can do to protect themselves and the extent to which trustees can limit their liability and seek indemnity from the trust fund.
The impact of the (draft) Trusts Bill on trustee liability will also be considered.
This webinar, which will conclude with a question and answer section, will utilise a case study to demonstrate how trustee liability arises and the practical steps that can be taken to manage the risks of trusteeship.
Topics covered will include:
Cases covered will include: Commissioner of Inland Revenue v Robertson  NZHC 31; Davis v White (Costs Judgment)  NZHC 500; McLaren v McLaren  NZHC 181.
Although it is common for a deed of trust to limit a trustee’s liability to the assets of the trust, many circumstances can arise where a trustee is personally liable for losses. Accordingly, it is essential that trustees (and their advisers) understand and manage the risks inherent in the appointment as a trustee.
Attendees will learn:
This webinar is targeted at practitioners at all levels but will be of particular benefit to practitioners who advise trustees or who are trustees or directors of trustee companies.
14 June 2017
Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited
1.25 CPD hours