IMPORTANT AREAS TO CONSIDER ON A CHANGE IN TRUSTEE
A change of trustee involves a fair number of points for consideration, from issues relating to trustee liability to legal transfer of assets. The presentation will cover common areas of negotiation as well as issues we have seen arise including:
- Trustee indemnities and chain indemnities;
- Legal transfer of assets, including loan owed to or by trustees;
- Third party consent requirements;
- Restrictions on appointment of and location of new trustees;
- Trustees de son tort.
Throughout the presentation Mrs. Catherine Moore will give real life examples of scenarios she has seen and discuss case law on this area, providing tips to ensure a smooth handover of trusteeship. Jersey and Guernsey jurisdictions will be discussed.
Bio of Mrs. Catherine Moore: Partner in Ogier’s Private Wealth team in Guernsey advising on a variety of non-contentious as well as contentious matters. A Guernsey Advocate, she advises on a range of private wealth structures including trusts and foundations, working closely with fiduciary service providers and high net worth individuals.
The price for the online event is CHF 20 – Member, CHF 25 – Non-Member.