Testing the waters
Polina Kozlova on New Zealand’s new trust law and the courts’ ability to approve variations that may be detrimental to beneficiaries
Key points
What is the issue?
The Trusts Act 2019 (the Act) came into force on 30 January 2021, codifying and updating the existing trust law in New Zealand.
What does it mean for me?
Practitioners should understand the law that applies to the termination and variation of trusts in New Zealand, so that they can make such application if needed
What can I take away?
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