15 Feb 2017
MCLAREN v MCLAREN [2017] NZHC 161
- Citation
- [2017] NZHC 161
- Court
- High Court
The appointor in this factual matrix owed a limited set of fiduciary obligations (to act in good faith, with diligence, and to avoid improper, irrelevant or irrational considerations) when removing beneficiaries; Bruce breached those duties by removing his parents as discretionary beneficiaries, so the parents must be reinstated; the appointments of additional trustees were properly made and will not be set aside; other remedies sought were dismissed.