Articles by The Professional Trustee Team
Hello everybody. I'm sure everyone who attended will agree, the 2016 Property and Trust event on June 22nd was a very informative affair. Our speakers (Crockers and Westpac) imparted some valuable information which I know will assist us with our property portfolios.
GRA's Trustee Services Director, Janet Xuccoa, presenting at the 2016 Property and Trust event
As I promised, below are a couple of the slides I presented on behalf of GRA.
Claims are becoming more prevalent as family dynamics have altered and people live longer and possess greater wealth. Last year alone our courts ruled on 325 estate claims. Needless tension and pain to those involved in these proceedings are caused when you do not complete your estate planning documents. Court processes are often slow and outcomes are uncertain. All this can be avoided if you put in place your Will and Memorandum of Wishes. Below are some of the things we recommend at GRA. Remember this is covered in my Family Trusts 101 and my Money Secrets 101 books.
Laws Governing Trusts and Trustees
At our event we also canvassed the different types of law trusts and trustees must comply with and we reviewed the latest court cases that affect trusts. Below is a quick synopsis of the categories of laws that govern trusts. I've also provided a list of indicators that courts look at when reviewing trusts. These matters do not arise when you have a professional trustee at GRA because we ensure all trustees satisfy their legal duties, asset protection stays in place and the trust doesn't become a sham.
If we can assist on any matter, please let us know.
Thank you for presenting an excellent course in your Property School 101 over the last 6 weeks. We really enjoyed it, gained good value from it plus the necessary confidence and knowledge to move forward in the property market. We will be in touch, soon, for a review of our trusts and entities to ensure we have these established properly to fully protect both our assets and income and to gain full advantage. All the best. - John
If you're investing in residential property, seeking to maximise your ability to succeed and minimise risk, then this is a 'must read'.
Matthew Gilligan provides a fresh look at residential property investment from an experienced investor’s viewpoint. Written in easy to understand language and including many case studies, Matthew explains the ins and outs of successful property investment.