Foreign Trusts, Estates and Wills Act 1972 (No. 7 of 1972). Country/Territory Nauru Document type Legislation Date 1972 Source FAO, FAOLEX Long titleAn Act to abolish the rule against perpetuities and the rule against accumulations for some purposes, to provide for the establishment of non-charitable purpose trusts and to make provision in relation to the investment of trust funds and to wills and estates of non-residents. Subject Land & soil Keyword Land tenure Foreign land tenure Inheritance Legal proceedings/administrative proceedings Geographical area Asia and the Pacific, Micronesia, Oceania, Small Island Developing States, South Pacific Abstract This Act concerns the abolition on certain restrictions concerning trusts and provides rules for the creation in Nauru of a trust in perpetuity or for any lesser duration. This Act shall not apply to any settlement, disposition or trust of any land or of any interest in any land where such land is situated in Nauru. The Act also concerns grant of administration of a foreign will or estate. Executors of a foreign will or administrators of a foreign estate shall be a trustee corporation. Full text English Website www.paclii.org References - Legislation Amended by Statute Law Revision Act 2011 - Part FO of Schedule 1 – Amendment of the Foreign Trusts, Estates and Wills Act 1972 (No. 8 of 2011). Legislation | Nauru | 2011 Keyword: Land tenure, Foreign land tenure Source: FAO, FAOLEX