Trustees and Disclosure Requirements - The Implications of Addleman (Paper)

Materials comprised of a Paper.

Presenter

Anthony Grant, Barrister

Chair: Vicki Ammundsen, Director, Vicki Ammundsen Trust Law Limited

Synopsis:

The Supreme Court has delivered an important decision that affects all trustees who get legal advice on what they should do when they receive requests by beneficiaries for trust documents; how they should respond to criticisms and threats by beneficiaries; and when they get requests by beneficiaries for copies of legal advice on other trust-related matters.

These materials will explore the decision and highlight the important points that all trustees should now be aware of.

These materials will help you:

• Receive insight into the requirement to disclose copies of legal and other advice to beneficiaries, the implications for trustees, and what they can do about it.
• Learn more about the personal financial and other risks practitioners who act as trustees run when they obtain advice in which they may be criticized.
• Gain a greater understanding about practitioners who give advice to trustees on sensitive matters need to understand how their advice may be given to beneficiaries who might use it to harm the interests of the trustees who instructed them to give advice.

Intended audience

All lawyers who act as independent trustees and all practitioners who advise trustees on their duties and obligations. Accountants will also find this session useful.