The Trust Deed
The actual formation of the Trust occurs when you have decided on who will be the parties included as Settlors,
Transferring Assets into your Trust
The purpose of forming a Trust for asset protection is for transferring your assets into it so that they are no longer
Trustee Duties
As a Trustee you need to be aware that you are liable for your actions in respect of the assets
Acknowledgement Of Debt
The transfer of your home (and/or other property) to the Trust essentially involves you personally providing the Trust with funds
Forgiveness Of Debt
As discussed above, while the Trust owes you money for the purchase of your family home (or other property), the
Gift Statement
The Gift Statement was an IRD required document that provided them with the details of your gifting programme. In the
Gifting as from 01 October 2011
On 17 August 2011, Parliament passed legislation that abolishes Gift Duty on GIFTS made after 1 October 2011. This is
Gifting and Debt Structure
DEBT STRUCTURE – A SUBTLE BUT IMPORTANT DIFFERENCEIf you are considering implementing a FAMILY TRUST for your personal residence, it
Lump Sum vs. Progressive Gifting
Under the legislation effective before 1 October 2011, for a New Zealander, if you have provided GIFTS to people or
Gifting and Rest Home Subsidies
WHAT IS THE RELATIONSHIP BETWEEN GIFTING AND REST HOME SUBSIDIES?The Ministry of Social Development which administers rest home subsidy applications