Default Duties and How to Get Out of Them
- An overview of the default duties
- How default duties can be modified or excluded
- Trustees’ obligations when default duties are not excluded, especially the duty to invest prudently and to exercise power for a trustee’s own benefit
Presented by Greg Ambler, Senior Associate, and Elizabeth Heaney, Senior Associate, Tompkins Wake
Learning Objectives:
- Understand the scope of default trustee duties under NZ law and when they apply
- Learn how to effectively exclude or modify default duties and the risks of not doing so
Description
Attend and earn 1 CPD hour
* This interactive online recording includes questions and quizzes requiring critical thinking about the topics, so you have no annual limits to the number of points/hours you can claim with this format of learning. Please verify with your CPD rules
Chair
Fiona King, Partner, TGT Legal
Presenters
Greg Ambler, Senior Associate, Tompkins Wake
Greg Ambler is a specialist in succession law, including estate planning, the establishment and administration of trusts and charitable entities, relationship property, and domestic and international estates. He also has a special interest in the law of mental capacity and adult decision-making.
Elizabeth Heaney, Senior Associate, Tompkins Wake
Elizabeth is a senior associate in the family law team at Tompkins Wake (Auckland). She specialises in family law with a particular focus on relationship property, trusts and estates. Elizabeth also has experience as a civil litigator and has acted on professional liability disputes with a particular focus on trustee and legal professional liability. She advises a wide range of clients representing them in the Family Court, High Court, the Court of Appeal, at arbitration and mediation.
Fiona King, Partner, TGT Legal
Fiona is a partner at TGT Legal. She specialises in all aspects of trust law and personal asset planning. She has particular interest and expertise in complex trust restructuring and is focussed on delivering practical solutions for her clients, many of which she has worked with for a number of years. Fiona has previously presented seminars on various aspects of trust law. She is full member of STEP (Society of Trust and Estate Practitioners).
