Trust Series 2020 - How to review a trust deed to reflect the Trusts Act 2019 - 11 March 2020 (On Demand)

Description

This very practical webinar will show you how to review and report on a trust deed by reference to the provisions of the Trusts Act 2019 and contemporary trust administration.

HIGHLIGHTS
This webinar, which will include the opportunity to ask questions, will walk you through the process of reviewing a trust deed by reference to a trust deed, the relevant provisions of the Trusts Act with the guidance of a supplied check list and a precedent reporting letter.

Topics covered will include:

  • Settlement vs Declaration of Trust considerations
  • Nominee settlor considerations
  • Advisor obligations
  • Definitions by reference to the Trusts Act 2019
  • Confirming the trust period – what is the maximum available duration? How to reflect the Trusts Act – when it will and will not apply
  • Who are the beneficiaries for the purposes of the Trusts Act?
  • Disclosure considerations
  • Power of retirement – Jasmine considerations
  • The scope of indemnity clauses
  • Mandatory and default duties
  • Is a contrary intention clause for the purposes of the Trustee Act 1956 effective with respect to the Trusts Act 2019?
  • Correcting drafting errors – mistake – rectification – variation. Reference will be made to In the Matter of Representation of the Scarlett Investment Holdings Limited; Re Shinorvic Trust; Representation of H1 Trust Company Limited and In the matter of an Application by Patrick and Doris Mary Hindle for an order for rectification of the Hindle Family Trust Deed; In the Matter of the Louise Wilkie Family Trust; Ash v Singh
  • Trust administration

Attendees who have specific trust clauses they want reviewed are invited to submit these before Monday 24th of February for consideration during the webinar. Please email these to NZ-learning@wolterskluwer.com

ORIGINAL BROADCAST DATE

11 March 2020

LEARNING OUTCOMES

Attendees will learn:

  • How to review a trust deed
  • Considerations to take on board regarding the Trusts Act and existing trusts
  • Advisor obligations
  • How to define classes of beneficiaries
  • What the standard terms in trust deeds mean and how these need to be updated to reflect the Trusts Act
  • How to establish whether a trust deed is fit for purpose
  • Options where a deed is not fit for purpose

SUITED TO

This webinar is suitable for accounting and legal practitioners up to senior level who want to develop a better appreciation of the terms of trust deeds in light of the Trusts Act 2019 and what these mean in practical terms.

PRESENTER

Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited

1.25 CPD Hours

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $195.00 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 to a live webinar will automatically be sent a recording at the end of that week along with a full transcript of the webinar, regardless of whether you attended or not.

Sole practitioners

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