The New Trusts Act and Trust Wind Ups
Attend and you will comprehensively examine the requirements and trustee duties under the new Trusts Act that you need to know. Receive essential tips for getting your trust wind ups back on track as quickly as possible. You will also gain a deeper understanding of the complexities of trust deeds, including drafting, modification, indemnity clauses and powers.
Description
Attend and earn 3 CPD Hours
Chair: Henry Stokes, General Counsel, Perpetual Guardian
9.00am to 10.00am: Key Changes and Understanding Duties of Trustees
- Advising your settlor/trustee clients
- Mandatory and default duties for trustees
- Beneficiary access to information
Presented by Timothy Orr, Partner and Benjamin Maitland, Solicitor, Martelli McKegg
10.00am to 11.00am: Trusts Act Interrupted and Trust Wind Ups: Getting Back on Track
The Covid-19 landscape has caught many of us mid-way through our active Trusts Act planning, the delivery phase. The question is, what can you do to get things back on track?
If you have been having the trust conversations with your settlors/trustees, there are no good reasons any more to continue the trust, and everything is pointing due trust wind up:
- What do you need to have completed before 30 January 2021 and why?
- What do you have to get done in the next 5 months, and what can be appropriately done afterwards?
This practically based session will discuss the pitfalls and things to think about to help you navigate this post-Covid landscape, and will bring the subject matter to life with real life examples.
Presented by Theresa Donnelly, Legal Services Manager, Perpetual Guardian
11.00am to 12.00pm: New Trust Deeds: Drafting, Modification, Indemnity Clauses and Powers
- Ensuring compliance
- Modifying default duties
- Indemnity clauses
- Understanding Trustee powers
Presented by Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited
Learning Objectives
- Gain a thorough understanding of the new Trusts Act including key changes and trustee duties
- Receive essential guidance on how to efficiently complete trust wind ups
- Develop critical skills for creating new trust deeds and ensuring compliance