• Specific Year
    Any

NSW TRUSTEE AND GUARDIAN ACT 2009 - SECT 76 Gifts

NSW TRUSTEE AND GUARDIAN ACT 2009 - SECT 76

Gifts

76 Gifts

(1) A manager may use property of the estate of a managed person for the following gifts--
(a) a gift to a relative or close friend of the managed person that is of a seasonal nature or is given because of a special event (such as a birthday or marriage),
(b) a donation of a nature that the managed person made when the managed person had capacity to do so or that the managed person might reasonably be expected to make.
(2) A manager may make a gift under this section only if the value of the gift is not more than what is reasonable having regard to all the circumstances and, in particular, the managed person's financial circumstances and the size of the managed person's estate.