Description
Fiefdom or footnote?
“.. has a significant interest as a final and discretionary beneficiary..”
Jacomb v Jacomb [2020] NZHC 1764 at [18]
This thought provoking webinar, which will be accompanied by a comprehensive paper and will conclude with a question-and-answer session, will canvas what it really means to be a final beneficiary. Topics discussed include:
- the nature of the future contingent proprietary interests held by final beneficiaries
- appointments that “oust” the final beneficiaries
- whether trustees have duties to preserve trust assets for final beneficiaries
- trust terms that accumulate income to final beneficiaries
- drafting considerations
- duties owed to final beneficiaries
- bankruptcy, and
- case law up-date
LEARNING OUTCOMES
Attendees will learn:
- the rights associated with being a final beneficiary
- drafting considerations
- vesting (intentional or otherwise), and
- what happens to the interests of a final beneficiary on bankruptcy
SUITED TO
This webinar is targeted at practitioners at all levels but will be of particular benefit to practitioners who give advice regarding trusts, related companies and relationship property.
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Vicki Ammundsen Trust Law Limited
PRESENTER
Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited
Vicki is a director at Vicki Ammundsen Trust Law. Vicki's approach to trust law is practical but also grounded in a good understanding of trust law principles, related legislation, and case law. As the author of a number of texts including Taxation of Trusts, the Trustee's Handbook and Trustee Liability, Vicki is well placed to provide advice on all areas of trust law.