The choice of trustees remains one of the most crucial decisions that a settlor must make when setting up a trust. There are a number of options available to the settlor.
Most commonly, a settlor will choose an individual who is familiar with the settlor and the settlor’s family to be a trustee. Continue reading
In New Zealand it is common for families and those carrying on a business to hold real estate and company shares through a family trust.
What is a Trust?
A Trust is a written arrangement which creates a legal obligation when a person gives assets (the settlor) into the control of another person (the trustee) for the benefit of one or more persons (the beneficiaries). Continue reading