Practical Trusteeship 2020 – Managing disclosure of information to beneficiaries - 10 March 2020 (On Demand)

Description

The Trusts Act 2019 introduced new information obligations for trustees which become effective in January 2021.

The new Act significantly increases the obligations on trustees to:

  • hold certain core trust information,
  • actively inform beneficiaries of their interest, and
  • respond to beneficiary requests for trust information

The new Act introduces a new age of trust and trustee transparency.

What’s clear is that all trustees are now in the “expectation management” business with their beneficiaries, co-trustees and settlors.

For professional trustees who are held to a higher standard or care, an opportunity exists to lead out a robust review process.

However, with little over a year to go, the timing for planning, reviewing and preparing for the increased responsibilities and obligations is now.

This webinar is designed to help answer the following questions: 

  • What are the new information obligations for trustees?
  • What are some of the issues and challenges that we need to be thinking about as trustees or advisers?
  • How should the new information obligations be practically applied?
  • What new trustee policy and practices might be required?
  • How can beneficiary and settlor expectations be managed?

This webinar focuses on the practical application of the information obligations for trustees and professionals (trustees and advisers).

From his background of 43 years in professional trusteeship, Lindsay will share practical strategies, ideas and perspectives to help trustees and advisers prepare for a more transparent trustscape.

ORIGINAL BROADCAST DATE

10 March 2020

LEARNING OUTCOMES 

This webinar will specifically focus on the new trustee information obligations for holding trust information and disclosing to beneficiaries as introduced in the Trusts Act 2019.

Lindsay will help raise trustee awareness, identify potential issues and challenges and suggest practical strategies for managing obligations and expectations.

SUITED TO

This webinar is aimed at professional trustees, legal executives, trust managers and professional legal and accounting advisers advising trust clients.

PRESENTER

Lindsay Pope, Principal, Trustee Support Ltd

1.25 CPD Hours

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $195.00 excl. GST

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