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Sensible outcome – inexplicable decisions

O’Dea v Rutten serves as reminder of the importance of respecting the legal framework of estates and trusts. For reasons that make no legal sense notwithstanding wills that provided for the residue of two estates to be distributed to trusts, the executors took the position that the trusts should be wound up and the trust … Continue reading

Step carefully

The Trusts Act 2019 provides that before the creation of the trust, the adviser, must take reasonable steps to ensure that: the initial settlor is aware of the meaning and effect of the modification or exclusion of any default duties, and the settlor is aware of the meaning and effect of any liability exclusion or … Continue reading

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