Description

The role of a trustee is commonly misunderstood.

This webinar considers what the role of trustee entails, appropriate fees from the perspective of the trustee as well as that of trust settlors and beneficiaries and most importantly, the risk/reward equation.

This webinar will consider the services trustees should expect to provide, the risks to trustees and matters to take into consideration when establishing the scope of trustee services and fees for trustee services.

Other topics considered include:

• reporting obligations (including but not limited to the new domestic trust reporting obligations)
• AML/CFT
• properly incurred costs
• rights of indemnity
• contracting out of trustee liability – what are the limits?
• fee structures
• managing conflicts
• suitable letters of engagement
• the Lawyers and Conveyancers Act 2006
• fees for storing core documents, and
• trustee insurance

ORIGINAL BROADCAST DATE

18 May 2022

LEARNING OUTCOMES

This webinar will advise and inform attendees regarding the range of services offered by trustees and the fees charged and what the role of the professional trustee.

SUITED TO

Lawyers, accountants, trustees and financial advisers.

PRESENTER

Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited.