The rules around taxing Trusts are changing on 1 April 2024, with the Government proposing to change the trustee income tax rate from 33% to 39%. The Government’s intention behind…
The Trusts Act that came into effect in January 2021 is the first major reform since 1956. New legislation has impacted trustees, beneficiaries, and legal practitioners, mainly for the better. The…
Have you and your partner entered into a Relationship Property Agreement? You might be surprised to find that your separate property may not be as secure from your partner as…
The recent case of The Estate of Thomas Winston Hodgson highlights changes under the new Trusts Act and what the Court will deem ‘reasonable measures’ when trying to find missing…
The most significant change in New Zealand trust law in more than 60 years is almost here with the Trusts Act 2019 to come into effect in January 2021. With…
Covid-19 has the world focussed on our physical health, with good reason. During this time of uncertainty, we also should be thinking about our “legal health”. A quick check you…
A recent article published by stuff.co.nz highlights that many family trusts established in the 1980s and 1990s may no longer be needed due to changes in circumstances and upcoming changes…
2019 has been a busy year, with several law changes afoot and new Acts to take effect in the years to come. It’s likely that there are more changes to…
The Trusts Act 2019 is now a reality and will come into force on 31 January 2021. The Trusts Act 2019 will replace the Trustee Act 1956, applying to all…