Trust Series 2020 - Vesting Orders - 10 June 2020 (On Demand)

Description

Vesting orders are commonly required for trusts and estates where the assistance of the court is required to regularise property ownership.

The transfer of property when a trustee is removed is addressed in sections 43, 47, 52, 57 and 59 of the Trustee Act 1956 with s 47 providing that a deed of appointment or discharge actually operates to vest trust property. However, as s 47 does not generally apply to certain assets, including shares or land, vesting orders are commonly required to perfect the transfer of trust assets.

While generally routine, each application depends on its own facts and it is important to appreciate what section or sections of the Trustee Act 1956 will be relied upon. This webinar will consider the relevant sections of the part 5 of the Trustee Act as well as how trust assets will be vested and divested once the Trusts Act 2019 comes into full force and effect will also be addressed.

The webinar will also canvas the court procedure to apply for a vesting order as well as the practical aspects of dealing with vesting orders that relate to real property including dealing with bank interests and effecting the transfer of the property.

Practical examples will be provided by reference to cases including:

  • Cade v Cade [2016] NZHC 1624
  • Smith v Walsh [2019] NZHC 3476
  • Van Boxel v Van Boxel [2018] NZHC 706
  • Parsonage v Parsonage [2020] NZHC 454

ORIGINAL BROADCAST DATE

10 June 2020

LEARNING OUTCOMES

Attendees will learn the procedural elements of vesting order applications as well as the practical aspects of effecting vesting orders.

SUITED TO

This webinar is targeted at practitioners at all levels but will be of particular benefit to trust and estate practitioners dealing with contentious trustee removals and elderly 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)
    • $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.