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In my last blog post (Part 1 of Secrets of Wise Investing) I threw out some nuggets of information that I thought people should consider when investing their gold. In this post I'm going to tell you a little about the different types of investment..
Read ArticleMost people understand that when a motor vehicle is sold, the owner of the car has to sign the sale papers. These days, the buyer also has to sign the sale papers. The same analogy applies to houses owned by a trust. Vendors and purchasers have to..
Read ArticleWomen 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..
Read ArticleWhether you are a businessperson signing contracts and leases in the ordinary course of business, a property investor signing finance agreements with banks, a property trader, or a developer, you will no doubt want to pay as little tax as legally required and protect the..
Read ArticleYou've worked hard for what you have and to ensure your assets are protected, you've gone to the trouble of putting them in a family trust. Now those assets are protected for you and your loved ones – for the beneficiaries of the trust. But..
Read ArticleSo you have set up a trust and you are a trustee, and you wonder, “what are my obligations as a trustee?” To answer that question we turn to the Trusts Act. Under this Act there are two classes of trustee duties, being mandatory and default...
Read ArticleAs 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..
Read ArticleTrustees have now been given fair warning – meet your legal liabilities and run the trust under your stewardship as you should or risk liability and your trust being deemed a sham. We've been advising our clients on this for years but the Commissioner has recently..
Read ArticleFiling tax returns for trusts is becoming more complicated, and trustees need to be aware of this. From the 2022 financial year onwards (i.e. year ending 31 March 2022), additional information must be included in a trust’s tax returns. None of this is particularly difficult, but..
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