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Recorded Webinars

Recorded Webinar: Smooth Generational Transitions: When Control of Trusts Change

As the generation of trust creators ages, the legal landscape is fraught with challenges due to changes in control resulting from incapacity or death. These transitions can create administrative hurdles, lead to potential disputes among beneficiaries, and raise complex questions r
PRESENTED BY Patrick Ellwood Director - Clover Law , Brisbane

Date/Time

About the Webinar

As the generation of trust creators ages, the legal landscape is fraught with challenges due to changes in control resulting from incapacity or death. These transitions can create administrative hurdles, lead to potential disputes among beneficiaries, and raise complex questions regarding trustee discretion. This session is designed to provide legal practitioners with practical guidance and actionable strategies to effectively navigate these challenges and to ensure smooth generational transitions. It covers:

  • Incapacity and death:
    • Legal considerations for trustee incapacity and death
    • Planning strategies to ensure a smooth transition due to incapacity or death
  • Fiduciary duties and trustee discretion:
    • Understanding the fiduciary responsibilities during transitions
    • Balancing trustee discretion with beneficiaries’ interests
  • Beneficiaries’ rights and communication:
    • Protecting and respecting beneficiaries’ rights during control changes
    • Effective communication strategies and how to proactively mitigate potential disputes among beneficiaries
  • Administrative and procedural challenges
    • Procedures for appointing new trustees
    • Minimising disruptions and maintaining trust stability
    • Case studies

Presented By

Patrick Ellwood
Director, Clover Law Brisbane, Qld

Patrick Ellwood is a lawyer with over a decade of experience assisting high net worth individuals and family business owners.

He is the founder of Clover Law, an Australian law firm specialising in tax structuring, estate planning, superannuation and asset protection.

He is a regular speaker for a range of private and professional bodies and is a published author of a number of legal textbooks.

Who Should Attend?

This webinar is suitable for lawyers and accountants throughout Australia who advise in estate planning matters. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim up to 1 CPD hour. Lawyers can claim up to 1 CPD unit/point – substantive law. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

WA lawyers – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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