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Reports in New Zealand media which draw on court documents concerning a trust formed in the Caribbean island of Nevis show that Glen is suing two former advisers (Messrs Dickson and Miller). Allegedly this pair advised Glen on the establishment of a
With the increased usage of trusts, the need for trustees has understandably increased as well. Historically, families could appoint a child to act as trustee and, if no child was suitable or available for the job, the family would appoint a trusted
Earlier this month Justice Minister Judith Collins announced the Government would update and make more accessible the law governing family trusts. It is a shame the media didn't make more of this because many New Zealanders have an interest in trusts.
A great-grandmother had set up a trust for her benefit and she had been using the funds to offset the expenses of her college education. When Ally and her mother, Sara, came to see me they were looking to replace the current trustee they said he was
Even the lawyer who pioneered the practice, which involves rapidly churning assets into and out of trusts, says it makes a mockery of the tax code.
Trusts began to gain popularity in the U.S. around 1970 and they are now part of most estate plans. If you have a home, an investment portfolio and a family, you should probably have a revocable living trust as a key component in your plan. Trusts
This busy couple is advised to work together to create a co-ordinated after-65 approach. Portfolio makeover Investor Tools Investor Tools Now, I'm not sure I've ever given a gift quite that meaningful. Maybe I lack creativity when it comes to gift-
The world's financial system offers safer and friendlier ways to hide the proceeds of crime. Shell companies--those with no real operations--are one, phoney trusts and foundations are another (see "Trusts: The weak link"). Belatedly, life is getting
I write about the creation and management of exceptional wealth...Estate planning is a requirement for the affluent (and everyone else) who want to make certain that their families and loved ones are provided for adequately. Its essential for the
The Law Commission recently released "Review of the Law of Trusts", which summarises its recommendations for a new Trusts Act, and follows a series of issues papers released since early 2010. The report makes several recommendations to modernise the