Snippets – The new Trust Act 2019
Trusts are widely used in New Zealand, with the main focus in recent years being on family trusts. These have been utilized in relation to relationship property, succession planning, risk …
Read MoreMonth: November 2019
Snippets – The role of the executor
Often when you are asked to be the executor of a will, you accept the role without truly knowing its parameters. While not wishing to deter anyone from accepting the …
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Further change to gun laws
Following the amendments to the Arms Act 1983 (“the Act”) that came into force on 11 April 2019, a second tranche of proposed changes, the Arms Legislation Bill (“the Bill”), …
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Bringing the Adoption Act into modern times
The New Zealand Adoption Act 1955 (“the Act”) has been widely viewed as being in need of an overhaul to bring it up to date with the modern times. In …
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Purchasing a property at auction – what you need to know
When purchasing a property, there are generally two ways in which you can achieve this. The first, the traditional offer method, is by offer and acceptance of a signed Agreement …
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Types of trusts and their benefits
There are many types of trusts that can be tailored to achieve a specific purpose. The general purpose of a trust is to protect your assets and provide for desired …
Read MoreWhat rights do beneficiary of a discretionary trust have?
When trustees act for a discretionary trust, they have a primary duty to act for, and in the best interest of the beneficiaries. Consequently, any benefit received under the trust …
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