The winding-up of a trust, whether for a specific reason or just that the permissible lifespan has been reached requires certain formalities and procedures to be followed.
This On Demand session looks at the various reasons why a trust may be wound-up and the different ways that this can be achieved. In addition, it highlights the principal issues to bear in mind including the question of indemnity, and address some of the practicalities that need to be dealt with.
- Learn more about the reasons why trusts may be wound-up for example, in accordance with compliance regimes, to obtain residential care subsidies and when the objectives of a trust have been achieved.
- Understand better the ways in which trusts may be wound-up relying on the power of revocation, winding-up orders, the principle in Saunders v Vautier, the vesting of the trust in terms of the Trust Deed and at the exercise of the trustees’ discretion.
- Gain insights into the practical issues, including tax and accounting, trustees’ liabilities, conflicts of interest and seeking orders, that arise when trusts are wound-up.
Who should view?
Trust lawyers, litigators and all other lawyers who advise on trust matters
*Please note that this webinar was previously presented as part of the Cradle to Grave Conference 2018
When and Where