29 Nov 2013
GOUGH v STRAHL [2013] NZHC 3184
- Citation
- [2013] NZHC 3184
- Court
- High Court
A beneficiary holding a vested one quarter share in the O T Gough Family Trust is prima facie entitled to distribution of that share; neither the contingent liability under the 1999 Deed nor ongoing family conflict constituted 'special circumstances' or sufficient prejudice to refuse distribution of the beneficiary's share in specie; issues about the identity of Harcourt's beneficiary interest assigned to Gabriel Investments Limited are adjourned; retiring trustees may receive customary indemnities absent good reason to deny them.