Trust Series 2021 – Winding up a Trust - 24 November 2021 (On Demand)


Trusts are wound up when a trust comes to an end; or earlier where the trustees have the power to do so.

Practical concerns about ageing trusts and trustees, intergenerational family dynamics and beneficiary information and disclosure obligations required by the Trusts Act 2019 are prompting increased interest in trust wind ups.

Regardless of the reason for winding up a trust, there are a number of important considerations that need to be taken into account.

This webinar will address how trusts are wound up together with matters that need to be taken into account when a trust is brought to an end including liability and indemnity considerations.

This webinar, which will conclude with a question and answer section, will utilise a work flow process and a case study of the recent decision In the matter of the Piedmont Trust and the Riviera Trust [2021] JRC 248, which examines a number of relevant considerations. The materials include precedent deeds to bring forward the vesting date, distribute trust assets and trustee resolutions that canvas matters to take into consideration when winding up a trust.

Topics covered will include:

  • Factors to take into account when advising on a trust wind up
  • Appropriate consideration with respect to memoranda of wishes
  • Seeking the “blessing of the court” for such a momentous decision
  • The mechanics of winding up a trust
  • Vesting date considerations
  • Tax consequences
  • Accounting requirements
  • Practical matters to attend to
  • Corporate trustee considerations
  • Appropriate indemnities
  • Liabilities that occur after a trust has been wound up, and
  • Trustee’s liens
  • Post wind up record keeping


24 November 2021


Trusts are regularly wound up. However, in the absence of formal guidelines, the steps required are not always clear.  This webinar will highlight matters to take into consideration to ensure that the trustees adopt a suitable decision making process, that any risks to trustees are identified and managed and that all trust and tax obligations are attended to before a trust is brought to an end.


This webinar is targeted at all practitioners at all levels but will be of particular interest to practitioners who act as or advise trustees.


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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Sole practitioners

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