1.5 CPD hours

  • May 30
    Tue 2:30 PM NZST - Tue 4:00 PM NZST Online
    • $200.00 excl. GST

Description

A Guide to Trusts for New Practitioners and New Trust Lawyers.

This webinar is the second of a two part series. You can save 10% by purchasing both webinars together. To browse this option please click here.

Following the case scenario in the first webinar, this session will look more closely at some of the important elements relating to the drafting of the Deed of Trust including:

  • The choice of the initial trustees. 
  • The description of the discretionary beneficiaries and final beneficiaries. 
  • The power to appoint and remove beneficiaries. 
  • Vesting day provisions. 
  • The power to appoint and remove trustees. 
  • General powers of the trustees, how these powers are described in the Deed of Trust and ensuring the trustees have the appropriate powers (e.g. to enter into guarantees, borrow etc). 

The webinar will work through generic trust clauses and discuss the issues you should consider to ensure these clauses meet your client’s specific situation.

The second part of this webinar will discuss how to transfer assets to the Trust which will include discussion on the following points:

  • Obtaining a valuation of property to be transferred. 
  • How assets are transferred (e.g. sale or gift). 
  • The type of documentation required to give effect to the transfer (e.g. Agreement for Sale and Purchase, Deed of Gift, Deed of Acknowledgement of Debt, e-dealing requirements, Tax Certificates, mortgage and loan documentation, trustee resolutions etc). 
  • The matters to consider if the property/properties being transferred are subject to an existing mortgage.

Lastly the webinar will cover additional documents required in relation to Trust establishment including: 

  • Wills and clauses in the Will that relate to Trust Deed provisions. 
  • Deeds of Forgiveness of Debt (if ongoing gifting). 

This webinar is designed for practitioners new to Trusts.

LEARNING OUTCOMES

A practical guide to setting up a trust for new practitioners and lawyers new to trusts.

SUITED TO

New Lawyers and lawyers new to trusts, accountants, trustee companies, trust consultants, and legal executives who deal with trusts.

PRESENTERS

Dr Maria A Pozza, Solicitor, Lane Neave; Katherine Ewer, Principal Katherine Ewer Tax & Trust Consultant