Trusts
5 Dec 2017Reforms in Trust Law - what it means for your trustFamily trusts are a practical structure for holdings assets, particularly in New Zealand where there are approximately 300,000 to 500,000 trust operating today. 19 September 2017The new Trusts Bill - clarifying trust lawOur current Trustee Act is over 60 years old. The new Trusts Bill aims to make trust law clearer for both trustees and beneficiaries 11 Jul 2017Beneficiaries' rights to informationFor beneficiaries to be satisfied that trustees are complying with their duties, they first must be aware that they are beneficiaries of a trust. This means beneficiaries arguably have the right to some basic trust information. So, the primary beneficiaries have a right to know that they are beneficiaries of the Trust. But, beyond that there is less certainty.. 2 Jun 2017Trusts - A Brief SummaryA trust is a legal arrangement where certain persons (called trustees) hold property for the benefit of others (called beneficiaries). 22 March 2017Winding up a trustWhat's involved in winding up a trust? |
17 Jan 2017Nupitial Settlements and TrustsThe definition of nuptial settlement is wide and is likely to include any transfers to family trusts made during the marriage or in contemplation of the marriage... Read more 3 Oct 2016When is a Trust not a Trust?More and more often trusts are coming under attack. The Supreme Court has recently clarified some aspects of the law around family trusts and relationship property claims to trust assets. Read more 20 Jul 2016Family Trusts - advantages and disadvantages of having a trustThere are a lot of things to take into consideration when deciding whether or not a trust is right for you... read more 30 Oct 2015The rights of discretionary beneficiaries
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8 Jun 2015Taxation of TrustsWhen income is received in a Trust, the Trustees can elect how it is allocated... Read more11 Mar 2015Trustees Duties - are you at risk?Trustees have strict duties to the beneficiaries of the Trust. Most duties are contained in the Trustee Act 1956. In certain situations trustees can be held personally accountable for their actions or for failing to act, so it is important trustees understand their rights and obligations. Read more13 Aug 2014Gift duty was abolished - does that mean I don't need to gift anymore?Although it is no longer a requirement for gifting documents to be filed with the Inland Revenue Department, it is still necessary to properly record and document any gifts that are made. Read more12 Jun 2014How a Trustee's obligations to be 'diligent and prudent' may affect youIf you have agreed to act as a trustee, there are some very strict obligations that you have to comply with. Read more 17 Feb 2014What is a Trust?In broad terms, a trust is an arrangement where the owner of property ("the settlor") transfers it to the ownership of another person ("the trustee"), on condition ... Read more |