Trusts Act 2019

Appointment and discharge of trustees - Replacement of trustee

115: Replacing sole trustee with multiple trustees

You could also call this:

"Swapping one trustee for a team of new ones when the old one leaves or passes away"

Illustration for Trusts Act 2019

If a sole trustee retires, is removed, or dies, they can be replaced with more than one new trustee. This can happen unless the trust says something different. You need to check the terms of the trust to see if it allows for this or not.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7383032.


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114: Court may appoint or replace trustee, or

"The court can choose a new person to help manage things for others when it's really needed."


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116: Divesting and vesting of trust property on change of trustees, or

"What happens to trust property when trustees change"

Part 5Appointment and discharge of trustees
Replacement of trustee

115Replacing sole trustee with multiple trustees

  1. If a sole trustee retires or is removed or dies while in office, the trustee may be replaced with more than 1 replacement trustee unless there is a contrary intention in the terms of the trust.