The bill will clarify and modernise the law, and place obligations on trustees to disclose information to beneficiaries.

The Ministry of Justice has sought feedback on a draft Trusts Bill, as part of a move to update the law for NZ trusts.

These recent changes will increase costs, so carefully consider whether a trust structure will actually meet your needs.

New legal developments, including the new Trusts Act 2019, have made people question the need to have or retain a trust.

S182 is an important consideration when a married couple separate and a trust exists over which one party has no control.

From 16 March 2017, enduring powers of attorney (EPAs) must be on a new form to make them easier to make and understand.

The case involved disputes about relationship property matters and the validity of trusts, after a marriage dissolution.

The new Trusts Act 2019 aims to make trust law more accessible by clarifying and simplifying core trust principles.

With your life plan in place, it may also be a good time to consider your 'legal health' and your plan for the New Year.

The new Trusts legislation merely aims to restate the existing law, while providing clarity and updating the language.

If a trust owns land or income generating assets, it must provide an IRD number when transferring ownership of property.

The New Zealand Parliament has passed a Bill which, following royal assent, will meaningfully increase disclosure obligations for NZ resident trustees of NZ foreign trusts.

This draft Trusts Bill is intended to replace the Trustee Act 1956 which is 60 years old and in need of modernisation.

This article covers key features of the proposed Trusts Act, and what the changes mean for trustees and beneficiaries.

The Supreme Court confirmed its role in supervising trustee decisions to not disclose information to beneficiaries.

Some of the common purposes of a trust, and the structures which can be utilised, will be discussed in this article.

Finance Minister Bill English and Revenue Minister Michael Woodhouse announced the government will be acting on all recommendations from the Shewan Inquiry.

Relatively easy tasks, when all trustees have capacity, can be complex if one of the trustees becomes incapacitated.

When a trustee of a trust loses mental capacity, it can mean complications to the proper administration of the trust.

The Arbitration Amendment Bill 2017 alleviates uncertainty and brings trust disputes clearly under the ambit of the Act.