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Retiring a trustee or beneficiary

This article describes how to retire a trustee or beneficiary from a Trust in Connectworks.

Contents

1. Retiring a trustee

2. Retiring a beneficiary

3. Removing access

 

Retiring a trustee 

1. Open the Trust and click on Parties. 
2. Select the trustee you will be retiring, place a tick next to the person/corporate trustee company. Click on the cogs and select edit

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3. Click on Roles and place a tick on "Remove as Trustee"
4. Select the Date of removal and click update. 
In this example, the date is 12 Feb 2019

Screen_Shot_2019-03-11_at_12_46_51_PM.png

When you highlight the person/corporate trustee company the trusteeship now shows the dates the person was a trustee within the trust.

 

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Retiring a beneficiary

1. Open the Trust and click on Parties.
2. Select the beneficiary you will be retiring, place a tick next to the person's name.
3. Click on cogs and select edit.

Image.jpg

4. Click on Roles and place a tick on "Remove as Beneficiary"
5. Select the Date of removal and click Update and close 
In this example, the date is 01 Feb 2019

Screen_Shot_2019-03-11_at_1_00_49_PM.png

You will be returned to the main 'Associated parties' page, tick the box next to the person again. The beneficiary history now shows the dates the person was a beneficiary with the trust.

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Removing access

Next, if the person/corporate trustee company no longer requires access to the trust:

1. Select Access rights in the edit profile screen.
2. Click on the drop-down menu and select No access.
3. Lastly, click Update and Close. 

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NB. After retiring a trustee/beneficiary and removing access, the individual will be removed from the default list of associated parties, but will be retained as a historical association that can be reviewed using the "No Access" filter in the parties tab.

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