Trust Series 2025 – Trust Loans and Current Accounts
1.5 CPD Hours
Description
What does ‘on demand’ really mean? Join us to explore the legal and practical risks of loans and current accounts in trusts — and avoid costly oversights!
Loans and current accounts are a common feature of express trusts and wider family arrangements. As these arrangements often continue for a long period of time it is easy to overlook wider asset and estate planning considerations. Another overlooked aspect is when certain on demand loans can become statue barred.
Topics covered in this practical webinar, which will be accompanied by a comprehensive paper and will conclude with a question-and-answer session, include:
- Loan and current account terminology
- When time runs with respect to on demand loans
- Loan documentation considerations
- Set-off considerations
- Trust loans and relationship breakdowns
- Interplay between wills and trusts regarding loan balances and current accounts
- Case law up-date
LEARNING OUTCOMES
Attendees will learn:
- The difference between a current account and a loan
- The meaning and relevance of “on demand” simpliciter
- The importance of keeping loans under review
- Relevant asset and estate planning considerations
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.
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.