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.
Hi John, I just wanted to say a huge thank you for sitting down with me the other day to do the review. I learnt so much from this time with you and its really giving me some good things to consider with moving forward - Sam, October 2018
Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.
We help new, small and medium property investors become long-term successful investors through our education programmes and property portfolio planning advice. With our deep knowledge and experience, we have assisted hundreds of clients build wealth through property investment.Learn More