Trustees must not spend money unnecessarily or without
proper authority, as this is a breach of the trust order.
If they do, the beneficiaries have the right to hold them
personally liable for any financial loss brought about by
their mismanagement.
Trustees must not spend money unnecessarily or without
proper authority, as this is a breach of the trust order.
If they do, the beneficiaries have the right to hold them
personally liable for any financial loss brought about by
their mismanagement.
Trustees must not spend money unnecessarily or without
proper authority, as this is a breach of the trust order.
If they do, the beneficiaries have the right to hold them
personally liable for any financial loss brought about by
their mismanagement.
Exceptions include:
• a succession to further interests where
there has been previous succession to
the deceased person
• vesting of lands in a minor who has
turned 20 (provided that all appropriate
documentary evidence is filed with the
application).
The Court is conducting an inquiry to determine the successors to the personslisted in the approved list for the
Hawea/Wanaka Substitute Block (SILNA).