Our Auckland Trust lawyers have created numerous posts on our Auckland Law Firm blog relating Trusts and Trust Gifting. But are there some situations where you could consider NOT forgiving The Trust Debt?...
The New Zealand law on trusts is always changing so it is a good idea to review your trust matters regularly and ensure that you are getting the most out of your trust as well as meeting all current NZ legal requirements....
First you will need to decide which of your assets should be placed into your trust. A value should then be established for these assets....
Gift duty was abolished with effect from 1 October 2011....
A question our Auckland lawyers and trust specialists are often asked is “What is a trust ?”...
Based on current records, New Zealand has one of the highest numbers of trusts per head of population in comparison to other countries....
Prenuptial contracts, which are already in decline, look set to disappear when the National Party does away with gift duty, a move seen by many as one of the biggest changes in property rights in New Zealand history....
Whilst the review of trust law within New Zealand is in progress....
Assets must be in a trust for a period before they are fully protected from asset testing and creditors. ...