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New Trusts Act - Duties of Trustees

NZ $35.00
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KELLY Chris Colette MacKenzie
Chris Kelly
Greg Kelly Law
Wellington
Colette Mackenzie
Greg Kelly Law
Wellington

Authors: Chris Kelly, Colette Mackenzie
Published: 24 June 2020
Pages: 24

Introduction

The Trusts Act 2019 will come into effect on 30 January 2021. Much of the Act updates or restates law that exists already, either in statute or in case law. There are, however, a number of changes about which trustees and settlors should be aware.

This paper builds on the first paper in this series, which provided on overview of the changes brought about by the Trusts Act 2019, and examines the duties of trustees as set out in the new Act.

Content outline

  • Mandatory Duties
  • Other Duties
  • Duties That May Be Modified or Excluded
  • Advisers' Obligations to Alert Settlors to the Modification or Exclusion of Default Duty
  •  
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