Wills & Estates Fundamentals
Are you finalising all your wills and estates matters with time to spare and without experiencing a rising panic? No? You’re not alone. In this cost and time sensitive area, efficiency is critical. Attend and learn how to proficiently navigate powers of attorney, probate, letters of administration, estate administration, the unique challenges to estates, and ensure you are capable of working independently and effectively on all your wills and estates matters. WEB216NZA15
Description
Attend and earn 3 CPD hours
Chair: Peter Eastgate, Partner, Cavell Leitch
9.15am to 10.00am Wills and Powers of Attorney Fundamentals
- Understanding the Wills Act 2007
- Will clauses: essential and special clauses you need to understand and clauses that should be avoided
- Power of Attorney basics
- An outline of some of the various duties of attorneys, administrators and other people involved
- Summary of applications
Presented by Richard Broad, Senior Associate, Simpson Grierson
10.05am to 10.50am Probates and Letters of Administration: From Basics to Practice and Procedure
- The history of probates (and how it bears on probate practice now)
- Different types of application and what they mean
- The common factors between all applications
- Common difficulties with applications and how to fix them
- A word on international probates and estates
Presented by TBC
10.55am to 11.40am Administration of Estates: A Broad Overview of the Interface Between Trusts and Estates
Understanding the process of administering an estate including:
- Caveats against probate
- Outstanding debts following the settlor’s death
- Memoranda of wishes in wills
- Estates and inter vivos trusts
Presented by Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited
11.45am to 12.30pm Understanding the Challenges to Estates
- Family Protection Act Claims
- Testamentary Promises Act Claims
- Relationship Property Claims
- Removal of an Executor
- Undue influence
- Capacity concerns
Presented by Ingrid Taylor and James Pullar, Partners, Taylor Shaw
Learning Objectives:
- Gain a comprehensive understanding of Wills and Powers of Attorney Fundamentals
- Understand the basics of Probates and Letters of Administration
- Receive a broad overview and practical skills for estate administration
- Understand potential challenges to estates
Presenters
Peter Eastgate
Peter Eastgate is the Trust Partner at Cavell Leitch, supervising one of the largest trust practices in the South Island. With over 35 years’ experience, he is a specialist in the areas of wills, estate and succession law, elder law, the law of attorneyship, asset protection and all aspects of trust law (including charitable trusts), and he acts as a trustee for many of his clients. A graduate of Canterbury University (Law) and the University of New England (Trust Management), he is a member of STEP, a Fellow of the Executor and Trustee Institute (AU), a member of the Trust Law Committee of the NZLS (Canterbury-Westland branch), and a senior member of the NZ Trustees Association. A strong advocate of ongoing education within the legal and trust professions, he has since 2007 been the NZ Legal Consultant at UWS College at the University of Western Sydney, supervising a trust and estate law teaching programme for NZ based students for the Executor and Trustee Institute.
Richard Broad
Richard Broad recently joined Simpson Grierson as a senior associate and specialises in private client work. He has many years of experience in private legal practice together with in-house legal and management roles in trust companies. He advises on all areas of succession planning and asset protection. In particular Richard has expertise in trusts, wills, estate administration and powers of attorney. Richard has a LLB from Victoria University and is a member of the Society of Trust and Estate Practitioners, Estate and Tax Planning Council, and Auckland District Law Society Trust Law Committee.
Vicki Ammundsen
Vicki is the director at Vicki Ammundsen Trust Law Limited, which she established in 2015, and the author of a number of books on trusts and trustees including Taxation of Trusts, ed 3, Trustee Liability and the Trustee’s Handbook, ed 4 (all CCH New Zealand Limited). She has presented at conferences in New Zealand and internationally on wills and estates, trusts and the law of equity. Vicki also produces the blog Matters of Trust as a resource to share up to date trust law knowledge. Vicki uses her day to day experience with trusts and estates and her deep knowledge of New Zealand and international case developments to underpin her practical, solutions-focussed approach to dealing with trust and family law issues. She firmly believes that trusts have an important role to play in inter-generational asset management, but that this is risked by a lack of understanding of effective or appropriate trust management that too often leads to misunderstanding or abuse.
Ingrid Taylor
Ingrid Taylor leads Taylor Shaw's practice in Trusts, Commercial Law, Residential Property, and Elder Law, including wills and estates. With over 25 years experience, Ingrid has advised a wide range of clients across many industries including land development, engineering, manufacturing, building, architecture, fashion, farming, and technology. Ingrid is recognised as one of New Zealand's leading experts in the area of Trust law, she is a member of the Trusts and Wills Sub-Committee of the New Zealand Law Society, and is regularly invited to present papers and lead seminars at conferences on trust matters.
James Pullar
James is a Partner at Taylor Shaw and is the head of the Civil Litigation and Employment, and Education Law practice. He acts for a wide variety of clients including local and national businesses, School Boards of Trustees, Independent Schools around New Zealand, and private individuals. James regularly appears in the District Court and the High Court across a broad range of civil work, as well as in the Employment Relations Authority and the Employment Court