Law Commission Review Of The Law Of Trusts

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Law Commission Review Of The Law Of Trusts
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Abolition of Gift Duty and Your Trust
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Trust Overview
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Key Steps In Establishing An Asset Protection Programme Using A Family Trust
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Getting The Power Of Appointment Right
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Choosing The Right Trustee
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The Importance Of A Letter Of Wishes For A Discretionary Trust
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Inheritance Trusts
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Managing Your Trust – Trustees Must Act Jointly
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Trust Documents – What Do You Have To Disclose?
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Rights Of Beneficiaries
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Tax Residency And Tax Treatment Of Your Trust
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Trust Administration Checklist
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Distributions From Discretionary Trusts
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The Duties, Office And Powers Of A Trustee

 

Law Commission Review Of The Law Of Trusts

The Law Commission is currently undertaking a full-scale review of the law of Trusts.  The review is a major undertaking and will take time.  It is being undertaken in 3 stages:
 
    Stage 1.  The Trustees Act 1956, the Perpetuities Act 1964 and Trust law generally
    Stage 2.  The Charitable Trusts Act 1957
    Stage 3.  Trustee companies legislation
 
The Commission will release a series of issues papers during each stage.  Stage 1 Issue Papers released so far are:
  1. Review of Trust Law in New Zealand: Introductory Issues Paper (NZLC IP19, 2010)
  2. Some Issues with the Law of Trusts in New Zealand (NZLC IP20, 2010)
  3. Perpetuities and the Revocation and Variation of Trusts (NZLC IP22, 2011)
  4. The Duties, Office and Powers of a Trustee (NZLC IP26, 2011)

For further information, please visit the Law Commission’s website www.lawcom.govt.nz.
Please take note that our articles relating to Trusts are relevant to the law as it currently stands.

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