Is a family trust right for you? If your not sure, give us a call.
Family trusts are not necessarily right for everyone's circumstances (particularly as the Government has made substantial changes to its policies for determining eligibility for residential care ). However, a correctly established and operated family trust can be an effective tool for protecting assets from creditor claims, and for estate planning.
Specialised legal advice needs to be sought regarding structuring the trust appropriately for your requirements.
Do not hesitate to ask us for some free preliminary advice to see if a Trust may suit your needs.
Please see attached further information from the New Zealand Law Society on the process:
Family trusts are not necessarily right for everyone's circumstances (particularly as the Government has made substantial changes to its policies for determining eligibility for residential care ). However, a correctly established and operated family trust can be an effective tool for protecting assets from creditor claims, and for estate planning.
Specialised legal advice needs to be sought regarding structuring the trust appropriately for your requirements.
Do not hesitate to ask us for some free preliminary advice to see if a Trust may suit your needs.
Please see attached further information from the New Zealand Law Society on the process: