Learning Objectives:
- Understand the legal framework and mechanics for resettling or terminating a trust under the Trusts Act 2019
- Identify key risks and recent case law developments relevant to winding up or resettling trusts
Resettling and Winding up Trusts
- Reasons to resettle or wind-up a trust
- Understanding the mechanics
- Termination of a trust under sections 121 to 125 of the Trusts Act 2019
- Important considerations and potential pitfalls
- Examining contemporary case law including Queenin v Queenin [2024] NZHC 1035
Presented by Mary Joy Simpson, Partner and Lauren Sieprath, Senior Associate, Hesketh Henry
Chair
Rob Latton, Barrister, FortyEight Shortland Barristers
Description
Attend and earn 0.5 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
Presenters
Rob Latton, Barrister, FortyEight Shortland Barristers
Rob Latton is a barrister practicing from 48 Shortland Barristers, Auckland. He is a practitioner with over 30 years’ experience in New Zealand and the United Kingdom. Commenced practice as a barrister sole in 2016, Rob specializes in civil and commercial advice and litigation, and has been involved in extensive estates and trusts work in recent years. In particular, he has acted for many executors and trustees in claims alleging breaches of duty, as well as challenges to wills and general estate disputes, including Burgess & Another v Monk & Others (No. 6).
Mary Joy Simpson, Partner, Hesketh Henry
Mary Joy is a specialist in complex trust and estate planning. She provides strategic advice and guidance on all areas of private client law and in particular, personal asset management and succession plans. Her extensive knowledge and expertise gained during a career spanning almost 30 years means that she is a trusted adviser to many individuals, families, trustees, and other professional advisers. Mary Joy has previously presented CLE papers on wills, trust drafting and enduring power of attorney. Mary Joy is ranked in band 1 as a private client lawyer in Chamber & Partners High Net Worth guide. She is also a full member of STEP (Society of Trust and Estate Practitioners).
Lauren Sieprath, Senior Associate, Hesketh Henry
Lauren is a Senior Associate in Hesketh Henry’s Private Wealth team. Her global experience across a wide range of private client matters ensures that the advice she provides take a holistic approach to help her clients achieve their goals. She has worked with a variety of clients including UHNW individuals and families, family offices, professionals, business owners and charities. She is also experienced in administering high-value estates with assets in multiple jurisdictions. Lauren is a full member of STEP (Society of Trust and Estate Practitioners) and a member of the New Zealand Estate and Taxation Planning Council.
