Trust law reform gets green light

A bill to make trust law easier to understand will become law, says Justice Minister Andrew Little.

Friday, July 26th 2019, 11:41AM

The Trusts Bill will replace the Trustee Act 1956 with a clear, modern statement of the law relating to trusts.

“Trusts are a common part of our legal infrastructure and are used by New Zealanders to manage their assets. It is important that people can get information about the law so that they can understand their rights and obligations,” Little said.

Principal changes include:

The bill will take effect 18 months after it receives Royal Assent.

Tags: trusts

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