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Join our comprehensive webinar to master the intricacies of winding up trusts, focusing on trustee powers, duties, and essential documentation, with insights from contemporary case law and practical workflow processes.
A trust can be wound up:
following final vesting
as an exercise of trustee discretion
pursuant to the rule in Saunders v Vautier, or
pursuant to part 6 of the Trusts Act 2019
Whatever the basis for the wind up there are practical considerations to address. This webinar will consider when and how trusts can be wound up with specific focus on trustee powers and duties in the context of the end stages of a trust.
HIGHLIGHTS
This webinar, which will refer to contemporary case law and conclude with a question and answer section, will utilise work- flow processes relevant to the different ways trusts can be wound up. The materials provided include a workbook containing useful precedent wind up documents.
Topics covered include:
trustee discretion before final vesting
practical ramifications of vesting
the mechanics of winding up a trust
tax considerations
accounting requirements
documentation
corporate trustee considerations
appropriate indemnities, and
post wind up record keeping.
Cases considered include:
Innes v Darlow [2024] NZHC 2614
Wiggins v Wiggins [2024] NZHC 863
Queenin v Queenin [2024] NZHC 1035
Sherwin v JKA Holdings Limited & Ors [2024] NZHC 920
Kain V Public Trust [2023] NZHC 2535
Ryan v Lobb [2023] NZHC 689
Grand View Private Trust Company v Wang UKPC [2022] 47
Nadan v Sharma [2022] NZHC 2553
Valentini v McGowan [2021] VSC 154
