Trusts

Trusts are used as a way of protecting assets and also as a means of ensuring that the wishes of the person making the gift are followed.

What Is A Trust?

A Trust is a separate legal entity comprising three parties:

1. The Settlor: who provides assets to be held in the trust for certain purposes.
2. The Trustees: who administer the trust in accordance with the trust deed.
3. The Beneficiaries: who receive the income and/or capital in terms of the trust deed.

Some benefits of trusts are:

• Estate planning
• Asset protection from creditors
• Tax savings due to income splitting
• Matrimonial property claims protection
• Providing for children's education
• The protection of your assets from creditors
• The protection of your assets from relationships claims
• Flexibility in transferring property away and still having some control
• Migration to New Zealand
• Tax planning benefits with both of Foreign Trusts and New Zealand qualifying trusts

 

 

 

We can create both family trusts and private trusts

Family trust may be an excellent mechanism for protecting your family assets. Any assets disposed of to a Family Trust will be held by the Trustee on behalf of the beneficiaries to it.

Regent Law has extensive experience which enables us to offer advice on:

• Formation of family trusts
• Estate and trust administration

We use an advanced and comprehensive Trust management system. Our specialist lawyers can advise you on setting up and managing your own Trust.

Contact Regent Law about Trusts.