28 May 2014
URLICH v URLICH [2014] NZHC 1151
- Citation
- [2014] NZHC 1151
- Court
- High Court
Removal of the sole executor/trustee was not warranted because the respondent's detailed undertakings to treat the Herne Bay property as an asset of the estate, to procure an independent market valuation, provide accounts, allow the beneficiaries purchase opportunities or sale and distribution of net proceeds, and to permit independent accounting oversight were adequate and expedient to protect beneficiaries' interests; consequently the Court made a conditional ('unless') order providing for replacement by the Public Trust only if the respondent did not confirm and implement those undertaking…