Gillian Coumbe QC discusses a recent case where the New Zealand Supreme Court considered the principles governing disclosure of trust information to beneficiaries ‘There is no absolute right to any trust document. However, where the request is made by a close beneficiary for access to core documents such as the trust deed and accounts there …
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Wills & Trusts Law Reports | November 2016 #164The Acorn Foundation trust and the Independent Group trust (‘trusts’) were established by the late Michael Erceg (‘settlor’) in the early 2000’s. The appellant, who was a brother of the Settlor, was included within the classes of both discretionary and ultimate beneficiaries of each of the trusts. He was adjudicated bankrupt on 2 February 2010 and his estate vested in the Official Assignee under the Insolvency Act 2006. He was not discharged from bankruptcy until 12 May 2014 by which time the trusts had been wound up without any distribution being made to the appellant. Having u...