It is becoming increasingly common for New Zealanders to leave the country indefinitely. Many of those people have established Trusts while here in New Zealand and choose to leave in place their family Trust owning various assets, including property. For the majority of Trusts tax treatment of income and distributions […] Read More›
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There has been call for changes to the way in which Coroner’s recommendations are implemented. It is felt that while many Coroners make important recommendations which contribute to improvements in health and safety outcomes, many of these recommendations are not being implemented or followed up. A study by the University of […] Read More›
The Court of Appeal has now confirmed the High Court’s position that only $27,000.00 per annum is allowed for the rest home subsidy exemption. Historically most trusts have had couples gift $54,000.00 per annum based not only on professional legal advice but also on the Ministry of Social Development’s own […] Read More›
Many people may not be aware that the Court has both inherent power and Statutory power to appoint a new trustee or trustees in various situations. Specifically where a trustee has: misconducted themselves in the administration of the Trust been convicted of a crime involving dishonesty becomes mentally […] Read More›