Retiring and former trustees - the right of indemnity and trustee’s lien on trust assets
The new Trusts Act 2019, s 81(1) brings into statutory form a trustee’s personal liability for “an expense or a liability incurred by a trustee when acting as trustee”. However, the trustee also has a right of indemnity under s 81(2). How does this apply to retiring or former trustees?
Beddoe applications have historically not been common in New Zealand compared to other jurisdictions, but that is changing. The recent changes to the High Court Rules, r 19.4A (20 May 2021), permit a Beddoe application to be made to the High Court under Part 19 with its simplified procedure.
The Limitation Act 2010 sets the time limits within which legal proceedings must be commenced. The Court of Appeal decision, Enright v Newton  NZCA 529, (2020) 5 NZTR ¶29-021, gave a very human face to that area of law.Who should view: This webinar is targeted at all practitioners at all levels with an interest in trust law.