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The original was posted on /r/newzealand by /u/enpointenz on 2024-09-24 18:40:52+00:00.
I am a beneficiary of a will/trust managed by the Public Trust. They will not distribute my share unless I sign an agreement stating:
‘The parties agree that they will not make any claim against the Trust and that any claims which
any of the parties may have had in the Trust either now or under any Act or rule of law or otherwise will be fully and finally settled by the terms of this Deed.’
Has anyone experienced this?
My share is entirely as per the will and trust deed, no variation.
Note I have long raised concerns with Public Trust about their management. They have even admitted there was no management at all some years, despite charging for it. There is little to no visibility of transactions and I feel I can’t ask questions or they will charge for an ‘investigation’. They have literally said this in a response to one simple question I asked if something had been actioned (which should have been on file).
Note let this be a warning, please do not ever use the Public Trust for your wills or trusts.