The Law Association of New Zealand



Varying Trust Deeds (2025) (On Demand)

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This On Demand was recorded on 24 July 2025.

Trust structures set up decades ago often struggle to keep pace with today’s legal and practical realities. As beneficiary needs shift, tax and regulatory landscapes evolve, and asset types diversify, trustees can find themselves constrained by outdated or inflexible trust provisions.

This On Demand will explore why trust variations are carried out today, along with the legal and practical avenues available for varying trust terms, whether through express powers, general trustee powers, or court intervention. It will also examine common pitfalls, modern drafting practices, and how to futureproof trusts through thoughtful variation.

The session will help you navigate the tools available to adapt trusts to meet contemporary demands.

Learning Outcomes

  • Gain a better understanding of why you may need to vary 
  • Gain insights into how to go about varying a trust deed
  • Get to grips with limitations on exercising the power to vary
  • Learn about some common variations
  • Benefit from some helpful drafting tips
  • Become better informed on issues involving varying trust deeds


Who Should Watch?

General practitioners and practitioners specialising in trust law.


Presenter

Richard Broad, Principal Owner, Richard Broad Legal

Richard Broad

With over 40 years’ experience in the law, Richard is a leading provider of personal client services. He started his professional legal career in private practice in Wellington becoming a partner in a boutique law firm. After many years in private practice, he was appointed as Head of Legal, Personal Legal Services at Guardian Trust (now Perpetual Guardian), initially based in Wellington then moving to Auckland. A slight change of direction saw Richard become the Managing Director of a trustee company providing foreign trust services. He then returned to private practice and joined Simpson Grierson in Auckland. Most recently, Richard established his own legal practice – Richard Broad Legal – and exclusively provides personal client services to a wide variety of clients, both locally and internationally. Richard is a member of the Law Association Trust Law Committee, a member of STEP, and served for nine years on a NZ Law Society Standards Committee.

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Details

CPD Hours: 1.00hr

Pricing Details

Ticket Price

Member: $115 GST
Non-Member: $160 GST






This On Demand includes the video and materials, and will earn CPD. 

Click here to access materials only.

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