2 Apr 2014
ESTATE K E REDGATE [2014] NZHC 651
- Citation
- [2014] NZHC 651
- Court
- High Court
The court held that the proposed Deed of Family Arrangement was not to the minor's detriment and was likely to confer a significant benefit by providing immediate capital and resolving threatened claims; accordingly the Court approved the Deed under s64A Trustee Act 1956 on condition the minor's share is held on trust until she turns 20 and then distributed with accrued interest or capital gain.