New Zealand’s trust law has been updated for the first time in more than 60 years.

The Trusts Act 2019 has some significant changes which will affect all trusts in New Zealand, which will come into effect on 30 January 2021.  These include:

  • Clarification of the role and duties of trustees, so those who are appointed as trustees know their obligations
  • Clear requirements about providing information to beneficiaries about the trust so that beneficiaries can enforce their rights
  • Practical and flexible trustee powers that allow trustees to manage and invest trust property
  • More streamlined and cost effective mechanisms for removing and appointing trustees, especially where trustees have lost capacity
  • Updated dispute resolution procedures
  • Changing the maximum life time of a trust to 125 years

Trustees need to be aware of the changes to ensure their Trust complies with the new Act. 

Come along to one of these free seminars presented by Partner Claire Tyler to find out

Date:       Friday 18 October 2019
Time:     
12.15 pm - 1.15 pm
Where:   
Level 19, 113-119 The Terrace, Wellington

To register your attendance please enter your details below and submit or contact Kay Johnston on (04) 473 6850 or kjohnston@raineycollins.co.nz