New Zealand Case Law: Decisions & Judgments | LexChat

New Zealand Case Law

Removal and replacement of trustees
  • 30 Jul 2014

    EGGINK & ORS v EGGINK & ORS [2014] NZHC 1784

    Citation
    [2014] NZHC 1784
    Court
    High Court

    By consent the Court ordered the removal of Ann Ellen Eggink as trustee and appointed Wayne Seymour Chapman as independent trustee, conferring on him the usual powers of a trustee together with express, binding decision‑making powers to resolve deadlocks and to overrule co‑trustees where necessary to protect the life tenant and beneficiaries; the declaration claim as to indebtedness was adjourned and costs were reserved.

    • Removal and replacement of trustees
    • Appointment of independent trustee
    • Trustee powers and deadlock resolution
    • Life interest and maintenance advances
    • Court supervisory jurisdiction over trusts
    • Declaration of indebtedness