There is currently a Bill before Parliament that will amend many aspects of Trust Law contained in the Trustee Act of 1956. The amendments are likely to come into force in 2019. In anticipation of the overhaul of Trust Law it is a good time to consider whether the current trustees of your Trust are …
Trusts are a firmly established mechanism for protecting and managing assets in New Zealand. The upcoming changes in trust law are long overdue. However, such changes are also sure to call into question the country’s fixation with family trusts. The Trusts Bill (“the Bill”) was introduced on 1 August 2017, following multiple reviews conducted by …
First Mortgage Trust – Securing Residential Care Subsidies Are you approaching, or have you already reached or even surpassed 65 years and are you thinking you may require long-term residential care? Did you know you could be entitled to a residential care subsidy? Whether you are or not will depend (among other considerations) on the …
