Many people who settled trusts over the last 20 years now question why their trust should be sustained, in the light of greater compliance costs. A simple trust, owing a home, for example, must now register an IRD number for a sale transaction. The paper addresses the relevance of family trusts.
Another offers information on how to make a family trust a more robust asset protection.
Many people do not know that it is a mistake to move all trustees to Australia and expect no tax effect on New Zealand trust property. So, for people who move to or from New Zealand there is also a brief paper on taxation and residency of New Zealand trusts.
For further information contact us or call (03) 477 8080