In Ruby v Ruby the High Court approved a variation that amongst other things had the effect of removing “… distant discretionary beneficiaries who only ever enjoyed a vague hope of benefiting from the A Ruby Trust, and in the circumstances they were effectively in all respects redundant.”
This webinar will consider variation of trusts pursuant to the Trusts Act 2019 and the High Court’s inherent jurisdiction in light of the reasoning of the High Court in Ruby v Ruby.
This webinar, which will conclude with a question and answer section, will also consider variation in accordance with the terms of a trust. The materials will include a precedent deed of variation.
Topics covered will include:
Trusts are routinely varied. However, the consequences and process of variation require careful consideration. This webinar will educate on the mechanics and options for variation with consideration given to the Trusts Act and the powers of the High Court.
Attendees will learn:
This webinar is targeted at all practitioners with a good knowledge of trust law who are looking to develop a broader appreciation of the mechanics and consequences of variation.
Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited.
1.5 CPD Hours