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Dewart v Lal relates to an application for summary judgment to set aside a trustee resolution removing and appointing trustees of the Sanatan Dharam Trust (the Trust), a registered charity. The decision is fact specific, but nevertheless provides excellent guidance regarding the interpretation of powers of appointment and removal. When interpreting a trust deed, as … Continue reading
The residential care subsidy (RCS) thresholds are cpi adjusted on 1 July each year. This year’s adjustments are the greatest since the annual cpi adjustment was introduced. Effective 1 July 2023: allowable gifts in the gifting period increases from $7,000 to $7,500 Gifts in recognition of care increase to $37,500 Threshold A increases from $256,554 … Continue reading
The Supreme Court has granted leave to appeal the Court of Appeal decision in Pinney v Cooper. The approved question is “… whether the Court of Appeal was correct to dismiss the applicant’s appeal to [the Court of Appeal].” For background see Weakly fiduciary. References: Cooper v Pinney [2023] NZSC 80 Cooper v Pinney [2023] NZCA … Continue reading
