Trusts
Trusts are used as a way of protecting assets and also as a means of ensuring that the wishes of the person making the gift are followed.
There are many other reasons why trusts are used but these are some of the reasons:
- The protection of assets for your children and grandchildren
- The protection of your assets from creditors
- The protection of your assets from relationships claims
- Flexibility in transferring property away but still having some control over it
- Migration to New Zealand from overseas
- Tax planning benefits (both of Foreign Trusts and New Zealand qualifying trusts)
We use an advanced and comprehensive Trust management system. Our specialist lawyers can advise you on setting up and managing your own Trust.
Gift Duty Abolition
As of 1 October 2011, government have changed the rules on gift duty. Find out more about Gift Duty Abolition.
Authors: Ross Harris, David Foster, Grant Harris, Alan Tate, Lesley Monteiro, Betty Crane, Glenice Ryan, Katrina Hulsebosch
