Presented by the ADLS Trusts Committee this On Demand seminar is a summary of all the problem areas lawyers should be looking at, with the aim of giving practitioners an action plan prior to the Trusts Act coming into force on 30 January 2021.
There are three important phases that lawyers have to consider:
- Reviewing all individual trusts and core documents – are they fit for purpose? If not, what is recommended?
- Having meetings with the trustees of each trust to take them through the issues and make decisions on action needed. Especially important for non-lawyers/accountants who are trustees.
- Advising trustees on what trust information to keep, how to keep it and what must be given to beneficiaries, including how to deal with mandatory disclosure to and trust information requests from beneficiaries. Discussing the continuing influence of the Supreme Court’s guidance in Erceg v Erceg and guiding trustees on the perils and pitfalls of the new disclosure regime.
This On Demand seminar addresses what you need to do in order to conduct this trust fitness for purpose audit.
- Develop a better understanding of how lawyers can assist trustees with getting to grips with their new responsibilities under the Trusts Act.
- Learn more about some of the problems you need to avoid and how to overcome them.
- Understand better how the new Trusts Act will affect trustee behaviour.
- Gain practical tips on how to ensure you’re ready for implementation of the Trusts Act on 30 January 2021.
Who should view?
All lawyers who act as independent trustees and all practitioners who advise trustees on their duties and obligations.
When and Where