PERSONAL

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Trusts

Creating a Family Trust can be an effective mechanism through which to safeguard your assets for the future. A carefully created Trust can also have many other benefits such as preventing relationship property claims and claims against estates, protection against creditors as well as tax advantages. Once assets are transferred into a Family Trust they are no longer owned personally. We have considerable expertise in the Family Trust area and can provide sound advice on creating a Trust that works in the way that the client wants it to as well as providing assistance with managing the Trust in the future and demystifying all the jargon associated with Trusts. Many clients consider setting up a Family Trust to protect relationship assets. If you are getting married or starting a relationship you may also wish to have a Contracting Out Agreement prepared for added asset protection.

Family Trusts Administration

Our family trust lawyers expertise includes:

  • Formation and administration of family trusts
  • Business trusts
  • Charitable trusts
  • Special purpose trusts
  • Gifting
  • Estate and retirement planning
  • Wills
  • Asset management

Recent Insights

May 2024

Winding up your Family Trust

With recent changes in tax regulations, increased compliance obligations, and rising administrative costs, what used to be relatively simple is suddenly complicated, time-consuming, and expensive. Is it time to simplify your life and wind the damn thing up?
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August 2023

Mediating Trust Disputes

Countless families across New Zealand place their most valuable assets, such as their property, into a discretionary family trust. However, when a couple separate and each party is a trustee to the same family trust, conflict and disagreement will often arise as to the management and enjoyment of trust assets. Disagreements on internal trust matters have the possibility of turning into time-consuming, expensive and public proceedings in court. Mediation is an alternative solution for settling trust disputes and may be a more advantageous option for parties.
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December 2022

Disclosure Obligations of Trustees to Beneficiaries Under the Trusts Act 2019

The Trusts Act 2019 ("the Act") outlines the obligations of trustees in managing family trusts. Information disclosure requirements to beneficiaries are significantly more demanding than previously applied.
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