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Why should you have a family trust?

A family trust is a way to hold and legally protect some or all of your assets, for you and your family, now and in the future.

Many types of assets can be put into a family trust, including the family home.



Why have a family trust?

Examples of reasons for having a family trust include:

· Keeping specific assets in the family for future generations.

· Estate planning and tailored arrangements to protect against claims on your estate.

· Protecting against claims in the event of relationship breakdown, used along with a

Relationship Property Agreement (sometimes called a "pre-nup" or contracting out agreement).

· Creditor protection in certain circumstances.

Who should have a family trust?

Whether a family trust is right for you depends on your personal situation. As New Zealand law develops, the reasons for having a family trust change. Therefore, trusts which suited people in the past may not be right for them in the future. Talk to us and decide if a Family Trust is beneficial for you.

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