It's official: The new Trusts Act 2019
The long-awaited Trusts Bill has now received Royal Assent (30 July 2019), meaning the Trusts Act 2019 will replace the Trustee Act 1956 and the Perpetuities Act 1964.
This will make trust law more accessible and clarify and simplify core trust principles and trustee obligations. Overall, this is good news given the significant number of
trusts in use in New Zealand (estimated to be between 300,000 and 500,000).
Click hereto download the full article by Nicola Hankinson.
3 February 2020