Trust Series 2018 – Sham Trusts


In Clayton v Clayton the Supreme Court noted at [115] that:

“We do not consider that Mr Clayton’s reliance on his advisors in relation to the VRPT and his lack of knowledge of the legal ramifications of the trust structure and the terms of the trust deed itself leads to the conclusion that the VRPT deed is a sham …”

This webinar will address development in the law relating to sham trusts since Clayton focusing on the development of the law relating to sham trusts and contemporary considerations with respect to control and economic reality.

This webinar, which will conclude with a question and answer section, will provide an opportunity for practitioners to up-date their knowledge regarding sham trusts.

Topics covered will include:

  • The development of the law relating to sham trusts 
  • The correlation between intention and sham 
  • Sham in other jurisdictions 
  • True Effects of Trusts / Illusory trusts 
  • Consideration of the US Tax Court decision in Full-Circle Staffing 
  • Economic realities / economic substance 
  • The extent to which a lack of commercial reality can impact on trust validity 

More trust cases are being heard by our courts than ever before and new ways to attack trusts are regularly being considered by the courts and in practice. The impact of developments with relation to sham trusts and the true effects of trust settlements warrants fresh consideration


Attendees will learn:

  • The requirements of a valid trust
  • The importance of appropriate trust governance
  • Sham or trustee negligence – what is the difference?
  • How to manage control
  • Tools to assess economic trust realities and related considerations


This webinar is targeted at all practitioners at all levels but will be of particular interest to more experienced practitioners.


Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited

1.25 CPD Hours

  • Oct 17
    Wed, 10:30 AM NZDT - 11:45 AM NZDT Online
    • $190.00 excl. GST

Coming Soon

  • Wed 17 Oct 10:30 AM NZDT
    Trust Series 2018 – Sham Trusts
  • Wed 17 Oct 2:30 PM NZDT
    The Voidable Transactions Regime
  • Thu 18 Oct 10:30 AM NZDT
    Relationship Property Agreements 2018
  • Thu 18 Oct 2:30 PM NZDT
    Taxation of Subdivisions and Developments 2018
  • Tue 23 Oct 10:30 AM NZDT
    R&D Tax Credit Update 2018
All Coming Soon >>


Our webinars operate on a 'one-connection-one-fee' basis so you can have your whole team participate for one cost effective price and claim CPD points.

Sole practitioners

A discount on webinars is available for sole practitioners. Please contact us at NZ‑ to confirm eligibility.