13 Nov 2023
GAMBLE v SCHEPENS [2023] NZHC 3191
- Citation
- [2023] NZHC 3191
- Court
- High Court
Removal of both trustees was necessary and desirable because unilateral management, long‑standing failure to keep records, steady decline in farm condition and assets, and a substantial debt owed by trustee to the estates created a conflict of interest and risk to beneficiaries; appointment of independent professional trustee (Schepens Trustee Ltd) and ordering of reasonable remuneration payable from trust income were required to protect and restore estate assets.