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Articles about trusts and other ways you can protect assets from creditors.

Is a family trust still right for me?

Published on 18 November 2011 | 0 Comments

Obviously the imminent abolition of gift duty has focussed peoples attention on trusts and whether a trust is something they should be considering. Trusts have come under attack recently from some quarters however there are still a number of valid reasons why you might want a family trust namely:

Family Trust Beneficiaries: the hope or expectation of benefit

Published on 7 November 2011 | 0 Comments

You may be a beneficiary under a trust you have set up or set up by your parents or by a wife, husband or partner – what does that entitle you to?

In short not much, if you are a discretionary beneficiary.

If you are a trustee, what are your obligations?

Published on 26 September 2011 | 0 Comments

In its review of the Law of Trusts, the Law Commission has endorsed a summary of duties.

To gift or not to gift: what are the consequences?

Published on 31 August 2011 | 0 Comments

Parliament has abolished gift duty from 1 October 2011. That means that from 1 October you can make a gift of any size without incurring gift duty (tax). Previously gift duty was payable on any gift over $27,000 per annum.

Enduring powers of attorney – “just in case”

Published on 27 August 2011 | 0 Comments

Enduring powers of attorney let you decide who can make important decisions about you and your property if you cannot.

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