Throughout the life of a trust, trustees must be able to respond to changing circumstances. The power to vary a trust deed is an important means of ensuring that the trust’s terms remain fit for purpose.
This webinar will provide an overview of the practical considerations involved in varying trust deeds, including the mechanisms available under the Trusts Act 2019, the role of beneficiary consent, circumstances in which Court approval may be required, recent case law, and the distinction between variation and resettlement.
The session will also address the common issues and pitfalls practitioners may encounter when reviewing and implementing variations to existing trust arrangements and provide practical guidance for trustees and advisers seeking to ensure trusts remain fit for purpose while preserving the integrity of the original trust structure.