Since the Trusts Act 2019 came into force, trust lawyers have been inundated with requests to wind up trusts. The lure of simplification has prompted trustees to ask – “do we need to keep this trust?” The answer is not a simple yes or no, even for the most basic trust. Thought needs to be put into the decision-making process and options weighed carefully. This webinar will provide a clear overview of the key considerations practitioners should raise with trustees when bringing a trust to an orderly conclusion. This includes weighing the benefits of keeping the trust (if any), implications, and risks of a wind up, options for alternative family arrangements or structures, and ensuring trustee duties and obligations are discharged in accordance with the terms of the trust deed. It will also highlight practical steps and considerations practitioners should be alert to throughout the process.
Trusts – To Keep or Not to Keep
Learning Outcomes
- Understand the key considerations for trustees when winding up a trust.
- Recognise common risks and pitfalls.
- Understand alternative asset planning structures.
- Identify practical elements of a trust wind up.
Presenter
Samantha Stowell | Senior Associate, Sharp Tudhope Lawyers
Samantha is a Senior Associate at Sharp Tudhope Lawyers in Tauranga where she specialises in iwi, charitable, and discretionary trusts, and succession and wealth planning for a wide range of clients. Her experience includes providing tailored and easy-to understand advice to her clients on their trust and succession structures, ranging from the simple to the (sometimes overly) complicated. Samantha’s aim is to ensure that her clients are able to understand their own trust and asset planning structures, feel confident with what they have in place, and have the tools to make informed decisions regarding their affairs. Samantha has been practising in Tauranga for over 10 years and over that time has been involved with many local charities, sitting on their boards and offering guidance on governance and charitable law matters. She has recently been appointed to the TLANZ Trust and Estate Law Committee.
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Pricing Details
Ticket Price
Member: $120 plus GST
Non-Member: $170 plus GST
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