Stay Informed
Love, Marriage, Divorce and Trusts
With over half of all marriages ending in divorce, it is statistically very likely that there will be a divorce in two generations of any given family.
So, if divorce is potentially on the horizon how do clients, contemplating intergenerational succession planning, accommodate this possible risk?
2021 Trusts Update
Having a trust in 2021 is nothing like having a trust just three years ago. Laws affecting trusts have changed significantly and so have the costs of having a trust due to the new duties imposed on the trustees.
2021 Trusts Update - Is the trust still relevant for me?
A ‘hardening of the rules’ brought about by the new legislation is seeing some people who have settled trusts grappling with the implications of having lost direct control of their assets.
Covid 19 Implications for Estate Planning & Wealth Management
The Covid-19 pandemic is causing significant challenge and stress to the economic environment and the imperative to respond and adapt to this event has brought estate planning and trusts back into the spotlight.
The Trusts Act 2019 – Re-thinking Your Trust
It will effectively be retrospective meaning that it will apply to all trusts, including those trusts created under the previous legislation.
The Trusts Bill - what does it mean for you as a trustee?
Trusts are a popular asset planning tool in New Zealand. The exact number of trusts is unknown, however, it is estimated that there are between 300,000 and 500,000 trusts in New Zealand. The changes proposed by the Trusts Bill will therefore impact the lives of many New Zealanders.
Retirement Villages - What you need to know
Many elderly people view moving into a retirement village unit as a safe, secure and convenient way of life. However, the financial and opportunity costs involved in entering into a retirement village need to be carefully considered.