Claims Against Estates 2021 - 26 May 2021 (On Demand)

Description

Advisor Obligations

In terms of claims against estates, attacks can come from many fronts. Meeting your advisor obligations is front and centre as the first line of defence! Do you have a good front line? Are you sure you are across everything you should be? Have you covered everything off, and to what lengths do you need to go?

A spouse or de facto may have a claim pursuant to the Property (Relationships) Act 1976. Aggrieved children (as well as spouses and partners) may bring Family Protection Act claims. And absolutely anyone can have a crack as long as there is a promise and services at a Testamentary Promises claims.

These issues will be closely looked at through the eyes of a case study; a farm, a trust, a death in the family and an overly entitled son…An estate planning scenario will be examined. #abadplan

The steps to be taken to avoid future claims against estate will be discussed in depth. The presenters will walk through what to do if you have done everything to mitigate risks of claims and it still goes wrong… #warstories

The session will discuss real life examples and troubleshooting and will cover the importance of holds on distribution and other risk mitigation measures. These are not always the most palatable from the impatient beneficiaries’ perspectives, but they are crucial for beleaguered executors/administrators. Practical issues such as managing client’s expectations and front footing fees will be discussed.

Other outside the box alternatives will be traversed, such as:
Is there a document of testamentary intent that can be validated as a will? What steps can be taken by practitioners to preserve this possibility? #whichwilliswhich?

If there is a Property Manager, what about a section 50 Will as an alternative to a big fight?

This webinar will be of interest to all who practice in the Wills, Estates and Trusts area and will also suit general practitioners who need to be across advisor obligations in this space.

ORIGINAL BROADCAST DATE

26 May 2021

LEARNING OUTCOMES

Attendees will learn about claims against estates and advisor obligations in the space including:

  • Claims under the Property (Relationships) Act 1976
  • Family Protection Act claims
  • Testamentary Promises claims
  • Acknowledgements – the what, why and how
  • When not to distribute
  • Managing expectations
  • What about the trust?

The interplay between all these competing issues will be brought to life by discussion of real life examples.

SUITED TO

Solicitors and legal executives

PRESENTERS

Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited

Theresa Donnelly, Legal Services Manager, Perpetual Guardian

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.