Description

With the passing of the Trusts Act 2019 in late July, its decision time for professional trust service providers.

Whether you offer professional trustee, trust administration or trust advice services, there’s work required to prepare firms, teams and trust clients for a more transparent trust environment.

With the new Act effective on 30 January 2021, 15 months (which includes two Xmas/New year breaks) doesn’t give much time to review existing appointments and practices and get staff, co-trustees or trust clients up to speed.

What services will you offer and on what terms will you offer them?

Whatever you decide, you need to hit the ground running in 2020. This webinar is designed to help you do that by answering:

• How can I position trust services within my practice?
• How do I get a good handle on the trusts I’m already in?
• How do I tell co-trustees or trust clients that things need to change?
• What should I be thinking about if I want to exit trust services?

With increased transparency of trustee duties and obligations under the new Trusts Act, firms offering trust services need to be on top of their game. That’s essential when you’re held to a higher standard of care as a professional trustee.

Lindsay will take attendees through some of the recognised challenges with professional trust services and his recommended process for resetting the terms of engagement. He will share practical strategies, ideas and insights from a 40-year background in trusteeship, to help professional firms and trustees:

• Optimise their trustee practices
• Strengthen their contribution in the trustee role
• Unlock value in their trust services

This webinar is a must for any practitioner wanting to leverage upcoming changes in trust law and start conversations to reset the terms of engagement with co-trustee clients.

ORIGINAL BROADCAST DATE

13 November 2019

 LEARNING OUTCOMES

This webinar will focus on the practical and tactical aspects of how to reset co-trustee and client expectations in the delivery professional trust services:

• Reviewing professional trust appointments and practice/s
• Engaging, guiding and leading co-trustees and beneficiaries
• Resetting the terms of engagement for trust services,in order to improve both client and commercial outcomes

SUITED TO

This webinar is aimed at firms who offer professional trust services or practitioners who take on the trustee role professionally.  That will include professional advisory firms and trustee corporations, and accountants, lawyers, professional trustees, trust managers, trust administrators, legal executives and professional advisers who deliver trust services professionally. 

PRESENTER

Lindsay Pope, Principal, Trustee Support Ltd