Unlocking Trusts Session 2 | The Asset Planning Puzzle: Is Your Trust Still the Best Fit? (2024) (On Demand)

This On Demand was originally recorded on 14 August 2024.

The Asset Planning Puzzle: Is Your Trust Still the Best Fit?

It is critical to review clients’ trust structures on a regular basis to ensure they remain fit for purpose in the light of the client’s current circumstances and changes in the law (including tax law). Key considerations in determining whether a trust is still the best fit for a specific client include the client’s circumstances, the client’s relationships and the client’s risk profile.

This On Demand will examine when a trust will continue to be the best fit for a client, when existing trusts should be restructured, and the tax implications of transferring assets (especially property) to and from trusts, and varying, resettling and winding up trusts.

Purchase the first two sessions from the Trusts Webinar Series and receive the final session of the series for free!

Who should watch?

Those practising in the areas of wills, estates, trusts, and private client work as well as general practitioners and legal executives.

Update your knowledge of when a trust might or might not be the best fit for a client in the light of recent changes in trust and tax law.
Understand the circumstances when a client might consider winding up, varying or resettling a trust.
Develop a better understanding of the potential tax implications of transferring assets (especially property) to and from trusts, varying trusts, resettling trusts and winding up trusts.
Obtain a deeper appreciation of how a trust fits with a client’s broader asset planning objectives and what other important documents may need reviewing and revising.

Stephanie Irons

Stephanie is a director at Davenports Law. She specialises in private wealth law including all aspects of trust law, succession planning, the intergenerational passage of wealth and relationship property matters.

Stephanie is a member of The Law Association Trust Law Committee.

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Stephen Tomlinson

Stephen is the principal of Tomlinson Law. Stephen has lectured in taxation, finance and business law at the University of Canterbury and is a well-known presenter of taxation and trust law seminars and webinars. Stephen advises lawyers, accountants and other clients on a wide range of tax issues, including the taxation of trusts. He is a member of the NZLS Taxation Committee and The Law Association Trust Law Committee, and assisted the New Zealand Law Society in preparing and presenting submissions on the 39% trustee tax rate reforms, and also on the Commissioner’s draft guidance on tax planning and the 39% trustee tax rate.

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Tammy McLeod

Tammy is the managing director at Davenports Law Limited and leads their Trust team. She is a trust and asset structuring specialist with over 25 years’ legal experience specialising in the areas of trust law, asset planning and the Property (Relationships) Act.

She advises clients on a broad range of issues involving the duties of trustees and the management and administration of trust funds, the structuring, establishment and review of asset plans and the interpretation of trust deeds.

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Details

CPD Hours: 1.50hr

Pricing Details

Ticket Price

Member: $150 GST

Non-Member: $210 GST