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Trusts often require substantial modifications to continue to be fit for purpose. Resettlement is not always an option, and many older trust deeds do not have variation powers (or suitable ones). This webinar will outline the process of varying a trust deed by application to the High Court under ss 122 – 125 of the Trusts Act 2019. It will consider when this procedure is likely to be suitable, the types of variations it can achieve, and key considerations for clients at the outset, including regarding beneficiaries’ consent. It will also look at the documentation required and provide an overview of the court procedure.
Presenters: Sharee Cavanaugh, Kimberly Lawrence, Greg Kelly