Wong v Burt - [2005] 1 NZLR 91

Trusts and trustees — Duties of trustees — Decision by trustees to distribute capital from estate to life tenant — Life tenant effectively passing distribution on to persons not beneficiaries under will — Whether trustees defeating intention of testator — Whether basis to review decision of trustees — Whether trustees personally liable — Trustee Act 1956, s 73.

Trusts and trustees — Duties of trustees — Trustees receiving payment from company after liquidation — Trustees allocating payment to income and capital of trust — Whether payment to trust capital or income — Companies Act 1955, s 270.