NZ CFS L5 Trustee Services Practice Questions - NZ Certificate In Financial Services (Level 5) - Trustee Services Strand Exam

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Under the Trusts Act 2019, which of the following is considered 'basic trust information' that trustees have a presumption to disclose to every beneficiary?

A full list of the trust's investment assets and bank balances. The fact that the person is a beneficiary of the trust. The historical reasons why the trust was established by the settlor. A copy of the settlor's confidential Letter of Wishes.

Correct Answer:

The fact that the person is a beneficiary of the trust.

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