Trust law
Trusts have become an important aspect of life for many New Zealanders. Family trusts provide a useful tool for protecting assets against the unpredictability of life. Charitable trusts have also grown in popularity over recent years as people seek to provide benefits to their communities.
Whether you have a trust, you’re thinking about a trust, or want to set up a charity, we can provide you with the specialist advice you need to ensure you understand and comply with the law. Our experts can provide you with advice about:
- The advantages and disadvantages of family trusts
- How to administer your trust if you already have one
- Transferring assets into or out of a trust
- Making gifts to a trust
- Establishing a charitable trust
- Changing the trustees of a trust
- Amending a trust
- Winding up a trust
Read our articles on trust law
Simplifying small estate handling: New $40k probate threshold takes effect in September.
The threshold for requiring a formal grant of administration is increasing from $15,000 to $40,000, reducing legal costs and easing the process for executors and families. In the article below, Megan explains what this change means, how it may affect you, and why having a valid will in place remains essential.
Issues to consider and steps to take when winding up a trust
In deciding whether to wind up a trust the trustees should take into account the circumstances of the beneficiaries of the trust, the terms of the trust deed and obtain legal and tax advice. This article sets out some of the reasons why you may want to wind up a trust, matters that should be checked before winding up a trust, and the steps that need to be taken to wind up a trust.
