Wed 27 February | 12:00PM - 1:00PM | Your desk or portable device

Synopsis

The winding-up of a trust, whether for a specific reason or just that the permissible lifespan has been reached requires certain formalities and procedures to be followed.

This session will look at the various reasons why a trust may be wound-up and the different ways that this can be achieved. In addition, it will highlight the principal issues to bear in mind including the question of indemnity, and address some of the practicalities that need to be dealt with.

Learning Outcomes

  • Learn more about the reasons why trusts may be wound-up for example, in accordance with compliance regimes, to obtain residential care subsidies and when the objectives of a trust have been achieved.
  • Understand better the ways in which trusts may be wound-up relying on the power of revocation, winding-up orders, the principle in Saunders v Vautier, the vesting of the trust in terms of the Trust Deed and at the exercise of the trustees’ discretion.
  • Gain insights into the practical issues, including tax and accounting, trustees’ liabilities, conflicts of interest and seeking orders, that arise when trusts are wound-up. 

Who Should Attend?

Trust lawyers, litigators and all other lawyers who advise on trust matters

*Please note that this webinar was previously presented as part of the Cradle to Grave Conference 2018

Presenter


Juliet Moses

Partner
TGT Legal

Juliet is a partner at TGT Legal, a boutique trust and private client law firm based in Auckland. She specialises in trusts, personal asset planning and superannuation and is a regular presenter of seminars and author of articles on issues arising in those areas.

She has spoken at several ADLS (including previous Cradle to Grave) conferences, NZLS conferences, and at STEP (Society of Trust and Estate Practitioners) and NZICA events. Juliet is the chair of the STEP education committee and also published a chapter in the CCH 2011 edition of the Master Trusts Guide on the Termination and Insolvency of Trusts.