1.25 CPD hours

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $180.00 excl. GST

Description

Trusts are routinely wound up. Anecdotal evidence suggests that currently a larger number than usual of trusts are being wound up due to concerns the changes that are anticipated if the draft Trusts Bill is enacted in current form.
Regardless of why a trust is wound up there are a number of important considerations that needs to be taken into account.
This webinar will address how trusts are wound up together with consideration of matters that need to be taken into account when a trust is brought to an end.
HIGHLIGHTS
This webinar, which will conclude with a question and answer section, will utilise a case study (and a check list) to demonstrate matters to canvas when winding up a trust, how a trust is wound up and what documents are required.
Topics covered will include:

  • When a trust must be wound up 
  • When a trust can be wound up 
  • Vesting date considerations 
  • The mechanics of winding up a trust 
  • Tax consequences 
  • Accounting requirements 
  • Practical matters to attend to 
  • Dealing with the corporate trustee 
  • Appropriate indemnities 
  • When is a trust actually at an end? 
  • Post wind up trustee liability – what happens when beneficiaries raise objections? 
  • Post wind up record keeping 

LEARNING OUTCOMES

Winding up trusts is a routine activity. This webinar will highlight matters to take into consideration to ensure that the trustees adopt a suitable decision making process and that both trust and tax obligations are attended to when a trust is brought to an end.

SUITED TO

This webinar is targeted at all practitioners at all levels but will be of particular interest to practitioners who act as or advise trustees.

ORIGINAL BROADCAST DATE

20 September 2017

PRESENTER

Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited