1.25 CPD hours

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

Description

This webinar will provide an in-depth study of beneficiaries and beneficiary rights. The materials will include excerpts from the (draft) Trusts Bill, the most recent decision in Erceg v Erceg, case notes and a useful checklist that canvasses matters to be taken into consideration for trustees responding to information requests

HIGHLIGHTS
This webinar, which will conclude with a question and answer section, will focus on:

  •  the most recent decision in Erceg v Erceg, the (draft) Trusts Bill and consider what these means for trustees and beneficiaries
  •  exercising powers to add and remove beneficiaries

Other topics covered will include:

  •  A discussion of the rights of different beneficiaries and matters settlors need to take into consideration when drafting deeds of trust
  •  Who might be a “Qualifying Beneficiary”
  •  Drafting and amending classes of beneficiaries moving forwards
  •  How trustees should respond to information requests from a beneficiary
  •  What documents might have to be disclosed to a beneficiary
  •  Appointment and removal of beneficiaries
  •  The costs of getting it wrong

WHY ATTEND
Beneficiaries are fundamental to a valid trust. Although modern discretionary trusts commonly allow some beneficiaries to be favoured over others, it is important for trust practitioners to have a good understanding and appreciation of what rights any particular beneficiary has, when or how these rights can be enforced or lost; and the exercise of powers of appointment and removal.

LEARNING OUTCOMES

Attendees will learn:

  •  What rights beneficiaries have
  •  How trustees should consider an information request
  •  What information does not need to be disclosed to beneficiaries
  •  Drafting considerations
  •  Matters to take into consideration when appointing and removing beneficiaries

DATE OF ORIGINAL BROADCAST

15 March 2017

SUITED TO

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

PRESENTER

Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited