Due to popular demand we are repeating our webinar from last year.  

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

The Trusts Act 2019 is nearly upon us.  It brings some significant changes which will affect all trusts in New Zealand, which will come into effect on 30 January 2021. 

Trustees need to be aware of the changes to ensure they comply with the new Act and to ensure they don't end up with proceedings being brought against them by beneficiaries for failing to do so.

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; and
  • Changing the maximum life time of a trust to 125 years and the age of majority to 18.

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

Come along to this free webinar presented by Partner Claire Tyler to find out more.

Webinar Details

Date:       Wednesday, 27 January 2021 
Time:     
12.15 pm - 1.15 pm
Where:   
This is a Zoom webinar - Click here to join the webinar.

Meeting ID: 813 9197 7398
Passcode: 181057

Registration

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

Webinar: Time is running out... The new Trusts Act comes into force this month - 27 January 2021







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