Trust Series 2025 – Retirement and Appointment of Trustees - 2 April 2025 (On Demand)
1.5 CPD Hours
Description
Join our practical webinar to navigate the complexities of trustee transitions under Sections 116 to 120 of the Trusts Act 2019. Gain insights on ensuring a smooth handover, addressing AML/CFT considerations, overcoming common pitfalls, and more
Sections 116 to 120 of the Trusts Act 2019 provides for the divestment and vesting of trust property on the change of trustee. However, in practice there are many pitfalls and challenges to confront to ensure a smooth transition where there is a change of trustees.
This intensely practical webinar will consider what happens after the deed of retirement / appointment / removal is signed or the court order made and how to ensure an orderly hand over.
Matters covered in this webinar, which will be accompanied by a comprehensive paper and will conclude with a question and answer session, include:
- practical aspects of the transfer of trust property to new / continuing trustees
- AML/CFT considerations
- how to address trustees who refuse to hand over core documents or put a price on doing so
- common traps and pit falls
- rehabilitating botched retirements and appointments
- disclosure considerations, and
- a case study that includes a comprehensive check list and work flow guidelines.
ORIGINAL BROADCAST DATE
2 April 2025
LEARNING OUTCOMES
Attendees will:
- learn the statutory provisions under the Trusts Act 2019 regarding the divesting and vesting of trust property
- learn how to manage the transfer of trust assets on a change of trustee
- gain practical tools to manage changes of trustees, and
- learn how to address common problems that arise on a change of trustee.
SUITED TO
This webinar is targeted at practitioners at all levels but will be of particular benefit to practitioners who advise trustees or who are trustees or directors of trustee companies.
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.