Trusts

Services

Relationship Property Law
Relationship Property Law

Relationship Property

Property Law
Property Law

Buying, Selling or Building

Kiwisaver

Property Sharing

Borrowing or Refinancing

Subdivisions

Discharging your Mortgage

Reverse Mortgage

Business Law
Business Law

Leases

Buying or Selling a Business

Business Structures

Business Borrowings

Business Agreements

Personal Law
Personal Law

Wills

Enduring Power of Attorney

Trusts

Estates

Retirement Village Contracts

If you think you want a trust, the first thing we do is check whether a trust is the best option for you by offering a free half hour meeting. We can consult with your other professional advisers such as your accountant, bank, or insurance broker.

Services

Relationship Property Law
Property Law
Business Law
Personal Law

Setting up a trust can be an effective way to protect your property while you are alive and for future generations.

It is a legally binding arrangement when a person (the settlor) transfers legal ownership of assets to certain chosen persons (trustees) to be held for the benefit of other persons named by the settlor (the beneficiaries). If your family home is in a trust for example, you no longer personally own the house, but you can still live in it if that’s what the trust deed states and the trustees allow.

There are different types of trusts, with different purposes. Asset protection, the preservation of wealth, and asset consolidation and management are some of the more common reasons for forming a trust.

Historically trusts were used so people would be able to get rest home subsidies but those gaps have long been closed. It is far more common now to have a trust to provide asset protection or succession of an asset through the generations.

Everybody’s needs are different, and our team can take you through issues and clarify potential difficulties. We’ll explain everything to you, and ensure that a trust really is the best structure for you.

If you’re thinking about setting up a trust or need legal advice around your existing trust, or if you have questions or would like more information, contact our team any time – 0800 LAW SHOP – team@thelawshop.co.nz.