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The Professional Trustee Team

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Coping with the new compliance rules

by The Professional Trustee Team 12 Dec 18

New legal and regulatory requirements are slowing things down and costing people time and money, especially if they leave things to the last minute before involving their professional advisers. The following story illustrates.   Recently, a client faced the problem of failing to obtain bank funding..

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New law that will affect you

by The Professional Trustee Team 28 Aug 18

Recently New Zealand passed legislation which we are finding is affecting many clients, especially individuals, trusts and companies. For this reason, it's important you are aware of the new law and how it will affect you. Purpose and objective of new legislation  The law recently..

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Property Contracts - the devil is in the detail

by The Professional Trustee Team 17 Dec 17

Property contracts, including sale and purchase agreements and building contracts, sometimes include clauses that can be harmful to the unwary. And by unwary, I simply mean people who are not used to dealing with such legal documentation.  One of the advantages of using a professional..

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Trustee Minutes & Trustee Resolutions, What's The Deal?

by The Professional Trustee Team 31 May 11

As a professional trustee, I'm often asked two questions. First, what's the difference between trustee minutes and trustee resolutions and secondly, why are they so important?To answer the first question first, trustee minutes are really notes made of a meeting of trustees and the decisions..

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How To Avoid Fighting Over Money

by The Professional Trustee Team 11 May 11

Recently I had a conversation with one of my friends who told me she was constantly fighting with her nearest and dearest over money. They just didn't seem to be able to agree on what they should do financially. She felt they should clean up some..

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Media say Yes to Family Trusts

by The Professional Trustee Team 06 Feb 11

I'm feeling pretty pleased that the Media is picking up the idea that having a family trust isn't just a nice "extra' in life but is going to become an "essential". Have a look at this link and you will see the interview I recently..

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Show Me The Money Honey

by The Professional Trustee Team 27 Oct 10

Women and moneyI reckon all women are in the protection business. Just look around. They are born protectors. They look out for their friends and family and are constantly trying to protect those they love. They even look out for friends of friends. Experience has..

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Interest Rates: Latest Update & Commentary

by The Professional Trustee Team 03 Aug 10

As the Trustee Services partner at Gilligan Rowe & Associates, I'm often asked by trustees what we think is going to happen in the economy, the property market and with interest rates. We answer questions like this all the time, as helping people make and..

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Gremlins Playing With Your Trust Deed

by The Professional Trustee Team 24 Jun 10

As you can imagine, we see lots of different types of trust deeds here at GRA. Despite there being a variety of deeds around, there are some common provisions we like in all our clients' deeds of trust. One of these provisions relates to decision..

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