19 Oct Family Trusts
Because of the risks you may take, it is important for assets to be protected.
It is for this reason that people choose to use a family trust to hold their assets e.g shares, family home, other assets.
It is not a matter of only placing your assets in a family trust.
The documentation associated with transferring the home to the trust must have integrity and contain appropriate clauses to ensure that full protection occurrs.
For more information or if you have any further questions on Trusts and Asset Planning, do not hesitate to contact me.
Ian Mellett BComm LLB H Dip Tax is a Barrister and Solicitor at Quay Law in Remuera, Auckland. Quay Law provides services in Wills and Estate administration, Estate Planning, Trusts and Asset Protection, Relationship Property, as well as Conveyancing, Commercial, Immigration and other areas of law.
Website: www.quaylaw.co.nz Phone: (09) 523-2408 Fax: (09) 523-2409