The Trusts Act 2019 (Trusts Act) came into force in New Zealand in 2021 and introduced explicit obligations for trustees to disclose information to beneficiaries. Some Trusts have embraced disclosure as a necessary part of modern trust ...
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Many contemporary (post 2021) trust deeds adopt an explicit ‘priority principle’ which confirms the settlors’ intention that the interests of certain beneficiaries (normally the eldest generation, or ‘Mum and Dad’) are to be preferred over ...
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You may have a trust for a variety of reasons, whether for asset structuring or estate planning purposes, or perhaps to benefit a charitable cause or community group. You could be the beneficiary of a particular trust settled by somebody ...
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On 30 January 2021 the Trusts Act 2019 came into effect – increased trustee obligations
and disclosure requirements are now in force.
All trustees must now have regard to the mandatory and default duties set out in the Act. Trustees are also ...
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Those of you with a trust may recall from our article late last year that the rules under the new Trusts Act will come into force in six months’ time on 30 January 2021.
From 30 January 2021 trustees will be under increased obligations when ...
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Disclaimer: The information provided in these articles is for general informational purposes only and should not be construed as professional advice. We make no guarantees or warranties regarding the accuracy, completeness, or reliability of this information.
