Forming a family trust is just one step in a comprehensive, personalised asset protection plan. For the lay person this is not the sort of plan that you can come up with on your own....
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....
A Professional Trustee is a person or company who acts as a Trustee alongside the other Trustees....
The Appointers’ Powers provision provides the necessary power that gives the Appointer the ability to appoint and remove Trustees....
The family trust is under siege as never before. Creditors, lawyers, government agencies and, yes, other family members ...
A trust is a form of transport, much like a container truck. The driver and co-driver are the Trustees, who are charged with ensuring the safe transportation of the container contents...
Based on current records, New Zealand has one of the highest numbers of trusts per head of population in comparison to other countries....
Whilst the review of trust law within New Zealand is in progress....
Legal article by Ian Mellet (Auckland lawyer and principal of Quay Law Barrister and Solicitor)...