Pitfalls for unwary in inheriting family home
Many of us will inherit a share of the family home. I decided to look into the financial implications after watching a clip on TV about a woman who had lost all the proceeds from her mother’s house....
Many of us will inherit a share of the family home. I decided to look into the financial implications after watching a clip on TV about a woman who had lost all the proceeds from her mother’s house....
The Law Commission is seeking views on whether the veil of secrecy surrounding trading trusts needs to be lifted to protect both creditors and the integrity of the Companies Register....
In a recent High Court case, the decision clarified when a property purchaser may lawfully exercise the right of cancellation in a conditional sale and purchase agreement pursuant to a due diligence clause....
A question our Auckland lawyers and trust specialists are often asked is “What is a trust ?”...
Sole practitioners and businesses with family trusts should review their structures to ensure they do not fall foul of Inland Revenue after the landmark Penny and Hooper tax-avoidance ruling....
Labour would target hundreds of millions of dollars worth of income rich people shelter in trusts as a key part of its “tax switch” package unveiled this week....
The abolition of gift duty, which could prove a gift for the rich, will come just months after a backdoor form of gift duty was introduced for the poor, an anti-poverty action group says....
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....