Articles by The Professional Trustee Team
Now there's always at least 3 sides to a story but if the article in the New Zealand Herald is anything to go by, it would appear a family home and its contents was sold without potential beneficiaries being told. The facts as reported are something like this:
What does the above story teach us? Easy Peasey. Ensure you personally take steps to let others know what you want to happen with your assets and the assets that may be in your Trust. Do this via your Will and a Memorandum of Wishes. Put these documents in place – NOW. Don't leave what happens to others. If you do that, you could well end up not having your wishes followed and hurting those you love and leave behind.
If you need help with these matters, please contact Trustee Services Partner, Janet Xuccoa by calling (09) 522 7955 or emailing me at [email protected],co.nz. Also I have just released "Family Trusts 101" Revised 2012 edition with the lasted information on gifting order it today.
The seminar last night was brilliant. We ourselves are seasoned investors. We are already doing it. We are also clients of GRA. Have been so for over 10 years. Last nights seminar was affirming and I have encouraged younger members (adults in their 20s) of our family to attend. I am feeling so excited about my portfolio and the Auckland property market. I will go on to GRA books and order the two books Matthew promoted. - Kristine, April 2018
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