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New Trusts Act - Disputes - Online CPD

NZ $179.00
Publications
Greg Kelly-250 LAWRENCE Kimberly
Greg Kelly
Principal, Greg Kelly Law
Wellington
Kimberly Lawrence
Greg Kelly Law
Wellington

Package includes:

Online CPD Module  l  Electronic Booklet  l  PowerPoint Presentation

Package Fee (incl GST)

  • $149 - NZLS members and Associate members
  • $179 - Non-members

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

Online CPD Module

Presentation time: 90 minutes
1.5
CPD HRS
The Trusts Act 2019 will change the way that trust disputes are litigated. It introduces provisions governing the process for challenging trustees’ decisions, updates and clarifies existing provisions giving beneficiaries access to the courts, and updates and clarifies existing provisions which provide protections for trustees. It also provides for alternative dispute resolution such as mediation and arbitration.

This webinar will consider a number of provisions in the Trusts Act 2019 which are expected to change the way trust disputes are litigated and enhance the options available for resolving trust disputes.

Topics covered will include:

  • Challenging trustees’ decisions under the new Act
  • Beneficiaries’ and Trustees’ access to the courts
  • Disclosure of information during disputes
  • Alternative dispute resolution under the new Act.

Learning objectives

By completing this module you will:

  • Reinforce your understanding of trustees’ rights and obligations.
  • Understand beneficiaries’ rights.
  • Be able to advise your clients on how to use the provisions of the Trusts Act 2019 to their advantage during disputes.

Booklet 

Authors: Greg Kelly, Kimberly Lawrence
Published: 19 August 2020
Pages: 23

Introduction

Trusts Act 2019 (the Act) comes into force on 30 January 2021. The Act will have a significant impact on beneficiaries’ rights to information, beneficiaries’ access to courts and to review trustee decision-making, trustees’ options during disputes, and protections for trustees in relation to particular criticism of their actions and during disputes.

The Act applies to family trusts and other private trusts, will trusts and intestacies, charitable trusts (to the extent they are not first governed by other legislation), and Māori land trusts (to the extent they are not first governed by the Te Ture Whenua Māori Act 1993).

This paper is structured as follows:

  1. Introduction;
  2. Trust information and documentation (trustees’ obligations, the disclosure process, disclosure of information during litigation);
  3. Beneficiaries’ rights (audits, reviewing trustees’ decisions, reviewing exercise of power to appoint or remove trustees);
  4. Trustees’ protections (investment, indemnities, the court’s power to relieve from liability, remuneration, notices barring claims, applications for directions);
  5. Trustees’ costs in litigation (Beddoe applications, costs on Beddoe applications, application of trustees’ indemnities to litigation costs, the possible impact of the Trusts Act 2019 on costs decisions);
  6. Alternative Dispute Resolution; and
  7. The Family Court jurisdiction.

This paper reviews the more significant changes in the legislation insofar as these relate to trustees’ and beneficiaries’ rights during disputes, how disputes will be conducted in court, and new provisions relating to alternative dispute resolution and the jurisdiction of lower courts. Some of the items in this paper have been addressed in the earlier papers in this series, however to ensure this paper is a standalone guide, they have also been canvassed in this paper.

PowerPoint Presentation

These are the slides included in the presentation.

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