Are trusts still relevant?
As numerous as trusts are in NZ, changes over the past 10-15 years in regards to case law, legislation and government practice (particularly
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Residential Care Subsidies – Part 2
Being a discretionary beneficiary of a trust – as many older New Zealanders are – can have a lot of upsides. It can also have downsides..
Residential Care Subsidies – Part 1
The need for residential care for the elderly is growing.
Succession Planning – it's all in the detail
Maintaining good family relationships can challenging at the best of times – even within the context of an otherwise loving and functional..
Succession Planning – getting down to business
The more financially successful you are, the more there is to manage, even when you are no longer here to manage it.
Your Legal Affairs - What to consider if circumstances change
It is easy to put off one of the most important documents that you will make in your lifetime – your Will.
The Ins and Outs of an Enduring Power of Attorney (EPOA)
There are two kinds of Enduring Power of Attorney: in respect of Care & Welfare, and in respect of Property.
Things to consider when making a Will
Executor/Trustee, Restricted Items,
Gifts, Residual Beneficiaries - it’s your assets and belongings and your Will – so it’s up to you.
Residential Care Subsidies – Pt 2
When elderly New Zealanders apply for residential care subsidies, the Ministry of Social Development’s initial letter of response often...
Residential Care Subsidies – Pt 1
The need for residential care for the elderly is growing. This care has to be paid for, and so many elderly New Zealanders (or more...
Glossary of Trust Terms
A trust is an arrangement whereby a person (the Settlor) transfers legal ownership of assets to others (Trustees) to be held for the..
New relationships
When people remarry, it is generally a happy occasion for their extended families. Occasionally, however, it creates opposing groups...
Calling all Kiwisavers
KiwiSaver is a first important step to creating your wealth. The second important step is to protect that wealth...
When a trustee of a trust loses mental capacity
A person losing their mental capacity can look like many different things. Essentially it means that they are no longer competent to...
The same questions keep coming up in our trust reviews…
Let us answer these very briefly.
What does the new trusts legislation require?
In simple terms, the new Trusts Act requires trustees to...
What is a trust review?
With much written and discussed on the Trusts Act 2019 the spotlight on family trusts is an excellent opportunity to take look at your...
Does your trust need a tune-up?
Just as a motor vehicle should be subject to regular tune-ups, so too a trust should be subject to review from time to time. This means...
Has my trust become obsolete?
The Trusts Act 2019 came into force on 30 January 2021. These legal changes mean that the reasons for retaining a trust may now be...
Must your children know what you own?
The Trusts Act 2019 came into force on 30 January 2021. If you are a trustee you already know that you have few rights and that trust law...
Are you still OK about being a trustee?
For some trustees the new disclosure obligations from 30 January 2021 will not be a surprise. Others may need to consider if they are...
Being a Trustee for a Friend
Susan* called to see us with bank loan and mortgage papers. She had agreed to be a trustee for Bob*, her brother’s trust. She presented...
Family Trusts
Many people who settled trusts over the last 20 years now question why their trust should be sustained, in the light of greater...
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