Trust Series 2018 – Winding up a Trust - 23 October 2018 (On Demand)

Description

Trusts are routinely wound up. Anecdotal evidence suggests that currently a larger number than usual of trusts are being wound up due to concerns about ageing trusts and trustees, intergenerational family dynamics and changes that are anticipated if the Trusts Bill is enacted in current form.

Regardless of the reason for winding up a trust, there are a number of important considerations that needs to be taken into account.

This webinar will address how trusts are wound up together with matters that need to be taken into account when a trust is brought to an end.

HIGHLIGHTS
This webinar, which will conclude with a question and answer section, will utilise a check list, a case study and a precedent deed to bring forward the vesting date, deed of distribution and trustee resolutions to demonstrate matters to canvas when winding up a trust, how a trust is wound up and what documents are required.

Topics covered will include:

  • When a trust must be wound up 
  • When a trust can be wound up 
  • Vesting date considerations 
  • The mechanics of winding up a trust 
  • Tax consequences 
  • Accounting requirements 
  • Practical matters to attend to 
  • Inland Revenue 
  • Corporate trustee considerations 
  • Appropriate indemnities 
  • When is a trust actually at an end? 
  • Post wind up trustee liability – what happens when beneficiaries raise objections? 
  • Creditor liability following winding up a trust, and 
  • Post wind up record keeping

LEARNING OUTCOMES

Trusts are regularly wound up. However, in the absence of formal guidelines, the steps required are not always clear. This webinar will highlight matters to take into consideration to ensure that the trustees adopt a suitable decision making process and that both trust and tax obligations are attended to when a trust is brought to an end.

ORIGINAL BROADCAST DATE

23 October 2018

SUITED TO

This webinar is targeted at all practitioners at all levels but will be of particular interest to practitioners who act as or advise trustees.

PRESENTER

Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited

1.25 CPD Hours

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $190.00 excl. GST

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One-connection-one-fee

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.

Recordings

All registrants that do not log into the live webinar are automatically sent a recording either later the same day or early the next business day.

If you did log in and wish to view again simply drop us a line at NZ‑learning@wolterskluwer.com and we’ll be happy to send it to you via email.

Sole practitioners

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