Changing the terms of a Trust

The terms of a trust can sometimes appear fixed, but there are a range of powers and procedures that can provide considerable flexibility in how a trust is administered and operated.

This practical webinar will explore both the more familiar and less obvious ways in which trusts can be varied or amended, including the circumstances in which court applications may be required. It will provide practitioners with a clear understanding of the powers available and how they can be used in practice.

Topics covered include:

• Trustee Act 1925, s57
• Variation of Trusts Act 1958
• Applications to Court for construction and rectification
• Overriding powers
• Settled advances
• Power to add and exclude beneficiaries
• Power to add administrative powers

The webinar will provide practical guidance on the options available to practitioners when considering whether, and how, the terms or administration of a trust can be changed.