Materials comprised of a Paper and PowerPoint Handout.
Presenters:
Natasha Dennison Senior Solicitor, Vicki Ammundsen Trust Law
Shannon Wilson Solicitor, Vicki Ammundsen Trust Law
Synopsis:
When updating the title to trust property where a trustee has been removed, has retired, or has died, what is the interplay between trust deeds, wills and the Trusts Act 2019? With a particular focus on removal of a trustee under the Trusts Act compared to under the terms of a trust and how to manage notice pursuant to s 106 of the Trusts Act 2019, this paper will offer practical guidance for navigating common scenarios where a former trustee cannot or will not assist with transfer of trust property.
These Materials will help you:
- Refresh your understanding of the situations where a title to trust property will need to be updated.
- Become more familiar with the statutory framework for the removal, retirement and appointment of trustees, and the divesting and vesting of trust property.
- Delve into the practicalities of transfers of trust property in these situations, including the interplay between trust deeds, wills and the Trusts Act 2019, with a particular focus on removal of a trustee under the Act and managing notice pursuant to s 106.
- Benefit from receiving a precedent deed that addresses common scenarios where the removed or retired trustee cannot or will not assist with transfer of trust property.
Intended Audience:
Any legal professional advising or acting on trust property-related matters.
