Trust Update

THE IMPACT OF THE TRUSTS ACT 2019 ON TRUSTS

The Trusts Act 2019 will come into effect on 30 January 2021 (18 months after it received Royal assent). 

See http://www.legislation.govt.nz/act/public/2019/0038/latest/DLM7382815.html#DLM7382879

 The Trusts Act 2019 will replace the Trustee Act 1956 and the Perpetuities Act 1964 to make trust law more accessible, clarify and simplify core trust principles and essential obligations for trustees, and preserve the flexibility of the common law to allow trust law to continue to evolve through the courts.  Click here to read more trust update.pdf