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 in Trust Law. It is estimated that there are approximately 500,000 Trusts in New Zealand. Trust Partner, Brooke Courtney, agrees that many existing family trusts…
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 come in 2020. Some of the proposed legal changes worth keeping an eye on are: Freshwater Proposals In 2018, the Government raised three key objectives…
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 existing and future trusts in New Zealand. The Trusts Act 2019 is intended to make trust law simpler, more transparent and more accessible to the…