A Trusts Act for New Zealand

Abstract There has been a seismic overhaul of trust law in New Zealand, culminating in the Trustee Act 1956 being replaced by the Trusts Act 2019. The latter reflects modern trust practice and its key features include clarifying the powers, duties, roles and requirements of trust participants, and s...

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Bibliographic Details
Published in:Trusts & trustees 2019-11, Vol.25 (9), p.891-901
Main Authors: Cone, Geoffrey, Shan, Claudia, Barber, Simon
Format: Article
Language:English
Subjects:
Case law
Deeds
Laws, regulations and rules
Legislation
Trustees
Trusts
Trusts and trustees
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Summary:Abstract There has been a seismic overhaul of trust law in New Zealand, culminating in the Trustee Act 1956 being replaced by the Trusts Act 2019. The latter reflects modern trust practice and its key features include clarifying the powers, duties, roles and requirements of trust participants, and streamlining various processes. In this article, we focus on a number of these features, with a particular focus on practical insights on the improvements and advantages of New Zealand trust law for domestic as well as international practitioners, settlors, beneficiaries and protectors alike.
ISSN:1363-1780
1752-2110
DOI:10.1093/tandt/ttz089