New Trusts Act - Duties of Trustees - On Demand

Package includes:

On Demand CPD Module  l  Electronic Booklet  l  PowerPoint Presentation

Note: Access to the online files is via your "My CPD" page. If you would like to purchase multiple packages, please contact us here.

On Demand CPD Module

This module will provide an overview of the key changes that you need to be aware of when advising your settlor/trustee clients including: mandatory and default duties for trustees; and understanding the presumption of beneficiary access to “basic trust information”.

• Core principles behind the Act
• Core documents – what are they?
• Removal of trustees including LINZ requirements
• Trustee powers – delegation
• Exemption clauses
• Presumptions
• Trustee duties.

Please contact us if you use a dial up internet connection.

Learning objectives

By completing this module you will:

• Gain an understanding of the scope of the key practical issues arising from the key changes to trust law as a result of the Trusts Act and changes you may need to make.
• Improve your knowledge, so you can provide advice to clients and anticipate potential issues.

Booklet 

Authors: Chris Kelly, Colette Mackenzie
Published: 24 June 2020
Pages: 24

Introduction

The Trusts Act 2019 will come into effect on 30 January 2021. Much of the Act updates or restates law that exists already, either in statute or in case law. There are, however, a number of changes about which trustees and settlors should be aware.

This paper builds on the first paper in this series, which provided on overview of the changes brought about by the Trusts Act 2019, and examines the duties of trustees as set out in the new Act.

PowerPoint Presentation

These are the slides included in the presentation.