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The Trusts Act 2019 came into effect on 30 January 2021, bringing major changes to existing trust law. The new act imposes additional compliance duties on trustees including the requirement to provide basic trust information to each beneficiary, the retention of core trust documentation, limiting the trustee exemption and indemnity clauses, and imposing mandatory and default duties on them. In light of the law changes we are recommending that Trust Deeds be reviewed to ensure they are fit for purpose and all Trustees are made aware of their obligation under the new Act. Contact us for more information.
Do you have a Family Trust? Major changes mean you should review your Trust
UPDATE ON TRUSTS
KiwiSaver Withdrawal? Statutory Declaration? Notary Services required? We can help!
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