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Public trustee

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360:. The public trustee primarily performs the role of trustee of deceased's estates where no executor is appointed, or the executor declines to act (and no other person is appropriate). Some public trustees also provide a free or inexpensive service for drawing wills (receiving remuneration upon administering the estate). The public trustees also manage the estates of infants (such as in cases where they receive a damages settlement), prisoners, and others under a 66: 129: 25: 345: 394:-like investments and other non-core business, which led to large losses at the end of the decade, the office has now returned to profit. As at 2005 it held over 330,000 wills and drafted over 21,000 wills per year, managed 3,500 residential properties, 400 charitable trusts and 30 farms, employing 450 people at 35 offices. 295:
and installed Jonas Woodward as the world's first public trustee on January 1, 1873. Initially it was a part-time for position for one man, the government had not anticipated that much of the public would prefer to trust a bureaucrat with their estate – by the mid 20th century the New Zealand Public
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Trustee gained nearly one-third of the estate market in the country, was undertaking many statutory duties beyond this and employed a staff of a thousand. Meanwhile the idea was spreading, initially across the Tasman, where
76: 364:(legal or otherwise), when required. In England and Wales since 1994 the property of someone dying intestate vests in the public trustee until a grant of 329: 431: 230: 212: 110: 52: 369: 300:
established a public trustee on the same model on 1 January 1881, making it the first public trustee established in Australia.
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There is a public trustee in each state and territory of Australia and a similar national position exists under
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in 1870 due to the difficulty of finding reliable private trustees in the colony and adopted by Prime Minister
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is an office established pursuant to national (and, if applicable, state or territory) statute, to act as a
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Although much reduced in size after a series of restructurings in the 1990s, and unsuccessful moves into
451: 88: 44: 372:). The public trustee may also act as trustee of unclaimed property in some states (Australia). 186: 398:
was a corporation sole until 2001, when it was moved to a company-like structure called a '
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is made to an administrator or administrators (prior to 1994 it vested in the
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The office of public trustee was adopted by several other countries of the
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Law Reform (Miscellaneous Provisions) Act 1994, section 14.
316:(founded 1906), where it plays a far more limited role, 84: 153:. Unsourced material may be challenged and removed. 73:The examples and perspective in this article 8: 348:The office of the UK Public Trustee was in 255:, if courts remove another trustee, or for 53:Learn how and when to remove these messages 231:Learn how and when to remove this message 213:Learn how and when to remove this message 111:Learn how and when to remove this message 411: 7: 279:The first public trustee is that of 151:adding citations to reliable sources 271:elects to name the public trustee. 14: 34:This article has multiple issues. 370:President of the Family Division 127: 64: 23: 138:needs additional citations for 42:or discuss these issues on the 1: 340:United Kingdom and Australia 87:, discuss the issue on the 478: 379: 285:Edward Cephas John Stevens 366:letters of administration 336:states and territories. 353: 347: 283:; it was proposed by 291:who established the 147:improve this article 93:create a new article 85:improve this article 75:may not represent a 354: 352:from 1916 to 2005. 330:Canadian provinces 457:Legal professions 241: 240: 233: 223: 222: 215: 197: 121: 120: 113: 95:, as appropriate. 57: 469: 447:Law of Australia 419: 416: 312:, including the 236: 229: 218: 211: 207: 204: 198: 196: 162:"Public trustee" 155: 131: 123: 116: 109: 105: 102: 96: 68: 67: 60: 49: 27: 26: 19: 477: 476: 472: 471: 470: 468: 467: 466: 437: 436: 428: 423: 422: 417: 413: 408: 384: 378: 350:Sardinia Street 342: 306: 298:South Australia 277: 237: 226: 225: 224: 219: 208: 202: 199: 156: 154: 144: 132: 117: 106: 100: 97: 82: 69: 65: 28: 24: 17: 12: 11: 5: 475: 473: 465: 464: 459: 454: 449: 439: 438: 435: 434: 427: 426:External links 424: 421: 420: 410: 409: 407: 404: 380:Main article: 377: 374: 341: 338: 314:United Kingdom 305: 302: 276: 273: 245:public trustee 239: 238: 221: 220: 135: 133: 126: 119: 118: 79:of the subject 77:worldwide view 72: 70: 63: 58: 32: 31: 29: 22: 15: 13: 10: 9: 6: 4: 3: 2: 474: 463: 462:Public sphere 460: 458: 455: 453: 450: 448: 445: 444: 442: 433: 430: 429: 425: 415: 412: 405: 403: 401: 397: 393: 389: 383: 375: 373: 371: 367: 363: 359: 351: 346: 339: 337: 335: 331: 327: 323: 319: 315: 311: 304:Other nations 303: 301: 299: 294: 290: 286: 282: 274: 272: 270: 266: 262: 259:if either no 258: 254: 250: 246: 235: 232: 217: 214: 206: 195: 192: 188: 185: 181: 178: 174: 171: 167: 164: –  163: 159: 158:Find sources: 152: 148: 142: 141: 136:This article 134: 130: 125: 124: 115: 112: 104: 101:December 2010 94: 90: 86: 80: 78: 71: 62: 61: 56: 54: 47: 46: 41: 40: 35: 30: 21: 20: 16:Public office 414: 400:Crown entity 396:Public Trust 388:conveyancing 385: 382:Public Trust 355: 310:Commonwealth 307: 293:Public Trust 289:Julius Vogel 278: 263:is named by 244: 242: 227: 209: 203:October 2008 200: 190: 183: 176: 169: 157: 145:Please help 140:verification 137: 107: 98: 74: 50: 43: 37: 36:Please help 33: 452:English law 376:New Zealand 358:English law 281:New Zealand 253:legislation 441:Categories 432:UK Justice 406:References 392:unit trust 362:disability 334:Australian 173:newspapers 39:improve it 326:Singapore 322:Hong Kong 318:Sri Lanka 89:talk page 45:talk page 332:and all 269:testator 261:executor 83:You may 328:, most 275:Origins 267:or the 257:estates 249:trustee 187:scholar 189:  182:  175:  168:  160:  194:JSTOR 180:books 91:, or 265:will 243:The 166:news 402:'. 149:by 443:: 390:, 324:, 320:, 48:. 234:) 228:( 216:) 210:( 205:) 201:( 191:· 184:· 177:· 170:· 143:. 114:) 108:( 103:) 99:( 81:. 55:) 51:(

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"Public trustee"
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trustee
legislation
estates
executor
will
testator
New Zealand
Edward Cephas John Stevens
Julius Vogel
Public Trust

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