Setting up a family trust?
The trust can safeguard all, or a portion of, your assets because you no longer own them yourself – the trust does....
The trust can safeguard all, or a portion of, your assets because you no longer own them yourself – the trust does....
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....
Unlike a will, a family trust can protect the ownership of your assets while you are alive. You transfer the legal ownership of the assets to the trust while continuing to use and enjoy them....
One would need to review the Trust Deed in the first instance. As a general response to this question...
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....
The family trust is under siege as never before. Creditors, lawyers, government agencies and, yes, other family members ...
Legal article by Ian Mellet (Auckland lawyer and principal of Quay Law Barrister and Solicitor)...
Trusts have become an increasingly popular way of structuring your affairs....
Please find below a list of legal documents required when establishing and / or managing a Trust...