The Trusts Act 2019 makes substantive changes to the law as well as imposes active obligations on practitioners and trustees. The Trusts Act has also streamlined trust law in New Zealand by clarifying the law and introducing new ways to ensure the effective administration of trusts. Those who work with trusts on a day-to-day basis must become acquainted with the Act immediately, especially since it introduces significant changes to trustee duties and powers. Students too ought to familiarise themselves with the new statute if they are to remain up-to-date with the law.
- - Rapid-response commentary on the new Act: what you need to know
- - Concise and compact
- - Part of the respected Nevill’s series on the law of wills, trusts and administration
Written by Lindsay Breach