MLC succession english
The land interests would then go directly back to those beneficiaries of the estate who contributed shares to the whānau trust. ‘Māori Land Trusts’ includes a section on whānau trusts.
The land interests would then go directly back to those beneficiaries of the estate who contributed shares to the whānau trust. ‘Māori Land Trusts’ includes a section on whānau trusts.
The land interests would then go directly back to those beneficiaries of the estate who contributed shares to the whānau trust. For more information, go online to maorilandcourt.govt.nz/your-maori-land/trusts-and- incorporations Māori trustee The Māori trustee administers many Māori land blocks and distributes money to the owners.
Documents/Guides-Templates-Factsheets/MOJ0217.7E-SEP21-Succession-Factsheet.pdf (362 kb)
APPLICATION TO FORM WHĀNAU TRUST TO BE USED ONLY WITH AN APPLICATION FOR SUCCESSION Te Ture Whenua Māori Act 1993 Section 214 For more information visit www.māorilandcourt.govt.nz Page 2 MLC 07/24 - 20 CONSENT We, the undersigned, consent to the formation of the Whānau Trust and, where named above as a trustee, consent to our appointment.
Documents/Forms/MLC-Form-23-Application-Whanau-Trust.pdf (149 kb)
Trustees of whānau trusts vote on behalf of the beneficiaries 16 of those shares.
Trustees of whānau trusts vote on behalf of the beneficiaries 16 of those shares.
Documents/Guides-Templates-Factsheets/MLC-incorporations-english.pdf (856 kb)
Trustees of whānau trusts vote on behalf of the beneficiaries18 of those shares.
Documents/Guides-Templates-Factsheets/MOJ0217.8E-SEP21-Maori-Incorporations-Factsheet.pdf (370 kb)
Examples of what could be considered ‘simple’ trust matters include: • forming a whānau trust for a single owner’s interests or shares; or • terminating a kaitiaki trust for a minor when the person reaches 20 years of age; or • appointing a trustee to a whānau trust.
Documents/Guides-Templates-Factsheets/Factsheet-Legislative-changes-affecting-trusts.pdf (303 kb)
With shares held by individuals becoming increasingly fractionated but shares held in whānau trusts being relatively stable, I foresee a time when these whānau trusts will be major shareholders in trusts and incorporations.
Before 6 February 2021 A beneficiary of a whānau trust is not able to apply for an occupation order to use trust land for housing purposes.
Nevertheless, the Law Commission recently proposed a new Trusts Act for all trusts which would tidy up any uncertainties or inconsistencies regarding trustee duties.
Documents/Judges-corner-articles/MLC-2014-Jun-Judges-Corner-Ambler-J.pdf (191 kb)