If you are a trustee, you can give a child personal property that belongs to them. You can hand it over to the child, or to their parent or guardian. The child, parent, or guardian just needs to say they got the property, and that's enough for you.
When the child, parent, or guardian says they got the property, you are protected as a trustee. This means you don't have to worry about what happens to the property after you hand it over. You can find more information about this by looking at the Trustee Act 1956.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7382999.
89: Protection of trustee in handing over personal property to life tenant, or
"Safeguarding the person managing property when they give it to someone for their lifetime"
91: Protection relating to notice when person trustee of more than 1 trust, or
"Protection for trustees who look after more than one trust"
A trustee may deliver to a child, or the child’s parent or guardian, any tangible personal property that is absolutely vested in the child.
The receipt of the child or parent or guardian is a good discharge to the trustee for the property.
