Disclosure of Trust Information - Online CPD

Package includes:

Online CPD Module  l  Electronic booklet  l  PowerPoint Presentation

Package Fee (incl GST)

• $115 - NZLS members and Associate members
• $145 - Non-members

Note: Access to the online files is via your "My CPD" page. If you would like to purchase multiple packages, please contact us here.

Online CPD Module

One of the most significant changes made by the Trusts Act 2019 relates to the disclosure of trust information to beneficiaries, particularly the imposition of obligations on trustees to take proactive steps when it comes to disclosure of certain trust information. This module will take a practical approach, covering the obligations imposed by the Act and what steps trustees should be taking to ensure that those obligations are fulfilled, along with case studies to illustrate the new rules in action.

Learning objectives

By completing this module you will:

• Be aware of the obligations on trustees under the Trusts Act in relation to the disclosure of trust information.
• Be aware of specific issues that can arise and recent case law involving disclosure issues.
• Understand the practical implications of these obligations and how they can be fulfilled.
• Go through case studies to understand the application of the rules in practice.

Electronic paper 

Author: Aimee Mitchell
Published: 28 February 2023
Pages: 31

Introduction

The disclosure of trust information to beneficiaries has been a hot topic for both trustees and beneficiaries in recent years, particularly since the introduction of new disclosure rules under the Trusts Act 2019 (Trusts Act).

Settlors and trustees have raised concerns about the new rules, particularly that they may give beneficiaries a heightened sense of entitlement to information and that the new rules may encourage disgruntled or remote beneficiaries to make broad, sweeping requests for information that require significant time and cost to resolve.

The purpose of this paper is to explain how the rules have changed, address some of the questions and issues that have arisen since the new rules were introduced, and provide some practical guidance on what trustees should be doing to satisfy their obligations and other steps that may be taken to address some of the most common concerns.

PowerPoint Presentation

These are the slides included in the presentation.