The Court of Appeal has recently given some directions which are helpful for trustees and beneficiaries to have more clarity with regard to Memoranda of Wishes which are often prepared for settlors and trustees. The Court has made it very clear that settlors are entitled to express their wishes for […] Read More›
Trusts
An overseas person is likely to require Overseas Investment Office (OIO) consent to purchase sensitive land in New Zealand. Current news articles often talk about overseas corporations acquiring large dairy farms and foreshore properties in controversial OIO applications. However, many ordinary properties like holiday homes and baches can also fall […] Read More›
It is always good practice to have regular reviews of your succession plans. As real estate is clearly becoming significantly more valuable as the increases in value are reported regularly and have become a source of both pleasure and pain. The pain can be that the more valuable the real […] Read More›
The High Court has recently given a salutary reminder to Trustees of their obligations to promptly report and inform beneficiaries for specific trusts of the financial information relating to the Trusts affairs. In this case the applicants’ children were residual beneficiaries in an estate where there was a life interest […] Read More›