28 Jul 2014
STUART v PIETERS [2014] NZHC 1760
- Citation
- [2014] NZHC 1760
- Court
- High Court
Given the insolvency profile of the trust asset, the parties' agreement and the best interests of the infant beneficiaries, the court ordered that the administrator satisfy the s77 entitlement by distribution of cash and by assignment of 68% of the estate's debt to Ms Pieters with 32% assigned to Ms Pieters to be held on statutory trust for the children, and made s75 bars, a declaration of the debt amount and removal of the caveat to conclude the administration.