9 Aug 2023
RE PEERS [2023] NZHC 2120
- Citation
- [2023] NZHC 2120
- Court
- High Court
Because all adult beneficiaries consented, the extension relates only to future persons contemplated by s 124(2)(c), the proposed variation does not reduce or remove any vested interest, and expert evidence shows the extension mitigates a substantial tax liability without detriment to beneficiaries, the court lawfully approved the extension of the distribution date under s 124.