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Trusts Act - are you ready? - Webinar Package

NZ $179.00
Publications
EP EDIT Vicki Ammundsen  
Vicki Ammundsen
Vicki Ammundsen Trust Law
Auckland
 

Webinar Package includes:

Archive Presentation  l  Booklet  l  PowerPoint Presentation

Webinar 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.

Webinar Archive Presentation

Presentation time: 90 minutes

The long-awaited Trusts Act 2019 comes into force on 31 January 2021 with fundamental changes for practitioners working in this area including the information that must be provided to beneficiaries of family trusts.

Following on from a session at the Auckland CPD Top-Up Day on 13 February this year, this webinar will consider the practical aspects of the new legislation and the steps you need to take in order to be ready for 2021.

The Trusts Act will replace the Trustee Act and the Perpetuities Act and is intended to:

  • Make trust law more accessible, and
  • Clarify and simplify core trust principles and trustee’s essential obligations.

However, the flexibility of the common law will be preserved to allow continued evolution of trust law to reflect the place of trusts in society. An 18-month transition period applies to most of the provisions of the Trusts Act. The most significant change for most family trusts will likely be the legislated presumption that trustees will notify all beneficiaries of trusts with the introduction of clear rules about when trustees are required to provide information to beneficiaries so that beneficiaries can enforce their rights.

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

Booklet 

Author: Vicki Ammundsen
Published: 26 March 2020
Pages: 38

Introduction

The Trusts Act 2019 will replace the Trustee Act and the Perpetuities Act and is intended to make trust law more accessible and to clarify and simplify core trust principles.

The flexibility of the common law has been preserved to allow continued evolution of trust law to reflect the place of trusts in society. An 18-month transition period applies with respect to most of the provisions of the Trusts Act.

The most significant change for most family trusts will likely be the legislated presumption that trustees will notify all beneficiaries of trusts with the introduction of clear rules about when trustees are required to provide information to beneficiaries so that beneficiaries can enforce their rights.

This session considers the practical aspects of preparing for the introduction of the Trusts Act and what practitioners need to do to be ready when the Trusts Act comes into full force and effect in 2021.

PowerPoint Presentation

These are the slides included in the webinar presentation.

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