Published 2nd October 2017 by Kimberly Lawrence, Greg Kelly Law Ltd
The long-awaited Trusts Bill was introduced to Parliament on 1 August 2017. The Bill is largely an update and restatement of the Trustee Act 1956 and the common law.
Published 2nd October 2017 by Chris Kelly, Greg Kelly Law Ltd
When Barack Obama was US president, he made an historic visit to Africa. One of the messages he repeated was that, under the US Constitution, he could only be president...
Published 2nd October 2017 by Greg Kelly, Greg Kelly Law Ltd
Many people agree to act as trustees of trusts set up by friends or relatives on the basis that they wish to help out or assist their friend or relative...
Published 21st July 2017 by Hannah Wood, CS Law
Whether you’re 18 or 80 having an Enduring Power of Attorney (EPA) is as vital as a will
Published 15th February 2017 by Kimberly Lawrence, Greg Kelly Law Ltd
In late 2013, the Law Commission completed a report recommending that a new Trusts Act replace the Trustee Act 1956. The public consultation phase began last December with the release of the exposure draft Bill. It is intended that the new legislation will be the primary source of trust law in New Zealand. We outline below some key proposals.
Published 15th February 2017 by Chris Kelly, Greg Kelly Law Ltd
Most owners want to ensure their business will continue after they have died. Often they want their family to be able to carry on the business. A common form of business in New Zealand is the family farm and this poses particular problems all of its own. Most people know that they need to have an up-to-date Will and Enduring Powers of Attorney (EPA) to cope with any unexpected events. However, there is a lot more planning that you should do as well.
Published 15th February 2017 by Greg Kelly, Greg Kelly Law Ltd
For many people a gift by Will from a relative or friend can be very significant – both personally and financially. The relative or friend wants to show you kindness but also usually wants the gift to be of real benefit to you personally. The gift is not intended to benefit other parties such as creditors, the Official Assignee or a de facto partner, however, unless it’s protected, that can be the unintended outcome.
Published 23rd September 2016 by Kimberly Lawrence, Greg Kelly Law Ltd
A frustration for trustees
Published 23rd September 2016 by Greg Kelly, Greg Kelly Law Ltd
Trustees need to be cautious