Establishing Personal Trusts
Trusts
A trust can be an effective insurance policy against unwelcome claimants such as creditors or undesirable beneficiaries.
What can a trust do for you?
- Protect your personal lifestyle assets from the risks associated with business
- Provide for dependants such as children and grandchildren (e.g., for their education, if they have physical or other disabilities)
- Ensure continuity of family ownership
- Protect assets you bring into a marriage or relationship
- Provide long-term support for charity
- Protect and grow your investment assets and enable these to be passed on to your loved ones
- Limit the ability for claims to be made against your assets after death.
Types of Trusts
- Family Trusts
- Charitable Trusts
- Prepaid Funeral Trusts
- Inheritance Trusts
- Education Trusts - (established to pay education related expenses for children or grandchildren.)
Our expert trust consultants offer specific skills, responsibilities and knowledge relating to trusts. We can help you establish and manage a trust, as well as advise you on reporting requirements to the IRD and other organisations, such as gifting. Read about changes to gifting here.
We are regularly asked to review existing trusts that we haven’t been involved with to ensure they comply fully with the law and with the actual Trust Deed. In addition, we are regularly appointed as a replacement trustee when individuals no longer wish to or are unable to act as trustee.
We can happily advise.