After a lengthy period of review and consultation, the new Trusts Act 2019 has finally become law. The Act is to come into force on 30 January 2021. The new Act makes important changes to trust law in New Zealand and replaces the Trustee Act 1956 and the Perpetuities Act 1964. It is important that trustees and beneficiaries are aware of the changes and the impact on their rights and obligations, and that trustees use the transition period until 30 January 2021 to ensure their practices align with the provisions of the new Act. Changes to Trust Law The...Read More
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