Setting Up A Trust
Providing the Hawkes Bay estate planning and trust advice for over 150 years!
Excellent estate planning is a critical part of protecting your interests, and those of the people you love. It eliminates ambiguity, and provides a clear roadmap for what should happen when you die. It can also provide flexibility to meet unexpected contingencies. This provides family members, who are otherwise left to manage complex legal issues during an emotionally distressing time, with the support and certainty they need to avoid the confusion and conflict that often surrounds matters of inheritance.
Expert legal support is an invaluable resource when you write your will, set up and manage a Family Trust, create powers of attorney, and when you die. Our team of experienced partners, solicitors and legal executives will expertly manage all your estate planning requirements, including:
- Structuring your assets for protection
- Forming and managing trusts
- Gifting and settlement on to trusts
- Distributions from trusts
- Trustees buying and selling assets (including real estate)
- Wills
- Powers of attorney
- Estate Administration
How a Trust protects your assets
Setting up a trust is a great way to organise assets in a way that they can provide for a beneficiary who lacks the skills or capacity to do so on their own. This is an ideal choice for those leaving behind minor children, or an elderly spouse who can no longer manage their own finances. This allows you to, for example, ensure that beneficiaries retain the use of the family home, or that children are provided for financially with a stipend issued by the trust. Moreover, you can use trusts to ensure that assets specifically benefit named beneficiaries, not others who might otherwise have a claim on their assets, such as current or former partners. Family Trusts allow a degree of flexibility in the time and manner of asset distribution that most wills do not; this can help beneficiaries significantly.
Case Studies
See how we have helped our clients setup and review their trusts.
Should I create a Trust?
Trusts are complex relationships, but we keep it as simple as reasonably possible. They are not for everyone, but they are important for many people, especially those with business risk, in second relationships or blended families, or who have children with special needs.
Trusts may be a good option for those leaving behind minor children, or an elderly spouse who can no longer manage their finances. They can ensure that beneficiaries retain the use of the family home, or that your children are provided for financially with a stipend. Family trusts allow a degree of flexibility in the time and manner of asset distribution that most Wills do not; this can help beneficiaries significantly by protecting them from creditors, relationship property claims, and poor judgment.
We help with:
- Assets protection
- Forming and managing trusts
- Gifting
- Dealing with beneficiaries
- Delegation of trustee duties
- Distributions from trusts
- Variations of trusts
- Trust resettlements
Contact our Property Law Solicitors today
Our experts in this area
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New client inquiries
For all new client inquiries, please don’t hesitate to give us a call. Our friendly and knowledgeable staff are always ready to answer your questions and assist you in any way possible.
