Tax Residency And Tax Treatment Of Your Trust
For New Zealand income tax purposes the income of a Trust is separated into two parts – beneficiary income and trustee income. Trusts c...
10 Dec
Trust, Wills, Estates and Enduring Powers of Attorney
10 Dec
Rights Of Beneficiaries
In order to understand the rights of beneficiaries, it is useful to be aware of the duties of trustees.
Duties of trustees
Trustees’ ...
10 Dec
Trust Documents – What Do You Have To Disclose?
If you are a trustee of a Trust, you may receive a request from a beneficiary or other interested person to disclose certain Trust docu...
10 Dec
Managing Your Trust – Trustees Must Act Jointly
Most Discretionary Family Trusts provide that decisions of trustees are to be unanimous. Many commentators agree that providing for una...
10 Dec
Inheritance Trusts
The average Will for a parent will often remain one where a spouse leaves everything to the other with a gift over to children and a pr...
20 Oct
The Importance Of A Letter Of Wishes For A Discretionary Trust
It is usual at the time a Trust is established for the settlor(s) of a Trust to provide the trustees of the Trust with a Letter of Wish...
20 Oct
Choosing The Right Trustee
Many settlors of Trusts derive comfort from the fact that if they choose the wrong trustees then there is power in the Trust Deed to fi...
20 Oct
Getting The Power Of Appointment Right
Many Discretionary Trusts are set up by two spouses (“settlors”). They often appoint themselves as trustees along with an independent t...
20 Oct
Key Steps In Establishing An Asset Protection Programme Using A Family Trust
Objective of programme: Endeavor to protect against: relationship property/family protection claims
future re-introduc...
20 Oct
Trust Overview
Purpose of Family Trusts
The following comments relate generally to Discretionary Family Trusts. They are intended to be by way of int...