Description

Master the essentials of trust administration under the Trusts Act 2019. Perfect for trustees and administrators of smaller trusts, this session covers key topics like minimum standards, fee determination, tax obligations, and more, concluding with a Q&A session.

Section 4 of the Trusts Act 2019 provides that a trust should be administered in a way that avoids unnecessary cost and complexity.

Trust administration must be carried out in light of this principle.

This webinar, which is targeted at trustees and third parties who administer trusts with more limited assets, will explore the essential elements of proper trust administration.

HIGHLIGHTS
This webinar, which will conclude with a question-and-answer session, will consider the key aspects of trust administration.
Topics covered include:

• minimum standards of trust administration
• how to determine an appropriate fee for trust administration
• tax obligations and reporting
• appropriate accounting
• core document obligations
• management of trust property
• preparing an agenda for the annual trustee meeting
• disclosure
• AML/CFT compliance
• FATCA / CRS
• gifting records
• record keeping
• beneficiary management
• trust review

WHY ATTEND
Trusts must be administered to avoid unnecessary costs and complexity. This means that trustees must consider how to ensure administration that is properly aligned with a trust’s assets and purposes.

ORIGINAL BROADCAST DATE

30 October 2024

LEARNING OUTCOMES

Attendees will learn:

• the difference between trust administration, trustee services and trustee decision making
• best trust administration practice
• trust compliance obligations
• core document responsibilities
• how to determine an appropriate fee structure for trust administration

SUITED TO

This webinar is targeted at practitioners at all levels but will be of particular benefit to practitioners who advise trustees of trusts that do not hold a diversified portfolio of trust assets.

PRESENTER

Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited.