VARYING THE TERMS OF A TRUST
If the trustees want to review their powers, rights and
obligations, as set out in the trust order, they need the
support of the beneficiaries, and so they need to hold a
meeting with them.
GROUNDS FOR APPLICATION
The grounds on which I make this application are that: (Select the statement that applies)
The life tenant/joint tenant*[name]:__________________________________________________________________
died on [date]:________________
I wish/the life tenant wishes* to give up the life interest on [date]:____________________
On [date]:___________________ the life tenant remarried/entered into a civil union/entered into a de facto
relationship as defined by section 2D of the P...
Because the work of the Māori Land Court is highly regulated by the governing legislation and
rules of the Court, private mediators will need to be mindful that many settlement
agreements will need formal orders of the Court.
Because the work of the Māori Land Court is highly regulated by the governing legislation and rules of the Court, private mediators will need to be mindful that many settlement agreements will need formal orders of the Court.
What other modes of communication are available that trustees could reasonably expect to include as part of the notification process? How prescriptive do trust orders need to be to impose minimum standards of notice for the calling of a trust’s meetings for the purpose of holding an election?
(c) To buy any land or interest in land, shares or assets whatsoever whether by way of
lease, purchase, exchange or otherwise and to acquire, sell, hire or otherwise deal in
vehicles, shares, plant, chattels or equipment.
The process is the same to set up each type of trust
(except kaitiaki trusts) – the owners first need to have a meeting
at which they:
• agree to set up the trust
• agree which blocks of land or shares should be included in
the trust
• agree to the terms of the draft trust order8 which sets out the
trustees’ powers, rights and obligations
• nominate trustees
• take accurate minutes.
The trustees cannot adequately consider the
application until they have received all the information
they need. The trustees will need to meet to consider the
application as soon as practicable.