History of Family Trusts in New Zealand since the early 90s

Drafters of Agreements for Sale & Purchase Beware!

Ensuring the right people are in charge of a trust and its assets is integral to the success of a trust. Our New Zealand trust law experts outline how to add and remove trustees, the best way to select them and how a power of appointment can be used.

Deeds of Distribution provide greater certainty for those who set up family trusts as to what will happen to the trust assets after they die. This article outlines what a Deed of Distribution is, how it works and what settlors should consider before enacting one.

A Memorandum of Wishes is a document in which the settlor (person who creates the trust) sets out for the trustees of a trust how they want the trust managed particularly after death. It’s often referred to as “ruling from the grave!”

We often hear that people think that a trustee of a family trust can simply be removed from the trust if the other trustees vote and agree on the matter. This is not the case.

Learn what you can do if you’ve purchased a property and it turns out the information contained on the LIM (Land Information Memorandum) was incorrect.