Description

A Guide to setting up a trust

Trusts build upon a foundation of fundamental principles. This webinar takes us back to those principles and provides a summary of the key questions and elements which ought to be considered and assessed when the client first steps foot into the office.

The webinar is designed to be a guide for new practitioners and practitioners that are new to the law of trusts by taking us through a case study, questions to ask the client, issues that practitioners need to consider, establishing the trust, and on-going obligations.

Using a case study this webinar will provide a step-by-step guide designed for new practitioners and lawyers new to trusts by covering the following topics:

• Why does the client want a trust?
• Does the reason justify a trust?
• Important issues and questions to ask the clients before setting up a trust
• Making sure the client understands what a trust is and the implications of creating a trust
• Identifying the parties to the trust and explaining to the client their respective roles, duties and powers Identifying the assets to be transferred to the trust and issues to consider before transferring assets to a trust
• The lawyers duty of care when preparing a trust deed and their ongoing duties

ORIGINAL BROADCAST DATE

19 August 2020

LEARNING OUTCOMES

A practical guide to setting up a trust for new practitioners and lawyers new to trusts.

SUITED TO

New Lawyers and lawyers new to trusts, accountants, trustee companies, trust consultants.

PRESENTERS

Dr Maria A Pozza, Director/Lawyer, Gravity Lawyers

Katherine Ewer, Principal, Katherine Ewer Tax & Trust Consultant