Trusts in Focus: When to Use a Trust and How to Use it Well
Following the introduction of the Trusts Act 2019 earlier this year, there has been a renewed focus on the way trusts are operated in New Zealand. In this programme you will take an in-depth look at whether trusts remain useful and the steps needed to ensure they are used correctly. The Morris Legal Team will also discuss how to avoid the risks and problems that arise when trusts are not operated well. WEB2110NZA05
Description
Attend and earn 2 CPD hours
Examine whether trusts remain useful following the introduction of the Trusts Act 2019. In particular, consider:
- The benefits of a trust
- Particular issues that need to be considered when trusts are set up
- An overview of trust busting and tips for tailoring trusts to reduce the risk of a successful attack
Focus on how to use a trust well during the lifecycle of the trust. In particular, consider:
- Duties and obligations of trustees, including the new disclosure provisions under the Trusts Act 2019
- Risks to trustees if trusts are mismanaged with consideration of recent cases
- Discussion of whether existing trusts should be retained or terminated
- The importance of terminating trusts correctly
Presented by Bethan Read, Special Counsel and Sarah Moore, Senior Associate, Morris Legal
Learning Objectives:
- Critically examine the current efficacy of the use of trusts in New Zealand
Presenters
Bethan Read
Bethan Read is a Special Counsel at Morris Legal and leads the firm's advisory team. Bethan is qualified in both New Zealand and England and Wales. Bethan specialises in non-contentious private client advisory services and has extensive experience in estate planning and asset protection solutions including trust structures, wills, enduring powers of attorney and all other private client services. Bethan began her career at top tier firms in the Channel Islands and London, where she gained high-level experience in private client advisory matters. More recently, Bethan was a director and head of the trust’s legal team and director of an international trust company based in New Zealand and subsequently worked for a national New Zealand law firm, providing her with invaluable insight on the needs of both clients and trustees. Bethan is an affiliate member of STEP and holds a STEP Advanced Certificate in Trust Disputes.
Sarah Moore
Sarah Moore is a Senior Associate at Morris Legal. Having received her LLB(Hons) and BMus(Hons) from the University of Melbourne, Sarah has represented clients in relationship property, trust and estate litigation in New Zealand and Australia. Prior to joining Morris Legal, Sarah worked as a senior associate in the dispute resolution team at MinterEllisonRuddWatts in Auckland. Sarah’s experience includes resolving disputes concerning high value family-owned businesses and acting for clients with assets in multiple jurisdictions. Sarah has published articles on relationship property law for private business owners. She regularly presents seminars to professional advisors on topics such as asset protection and claims against trusts. Sarah is a member of the Family Law Section of the New Zealand Law Society.
Testimonials
“The speakers were fantastic”
“I would like to hear about whether trusts are still relevant and reasons for winding up trusts or continuing them.”