Trust Law and Related Articles
The Process of Buying a Property
Irrespective of whether you are purchasing a property in a Trust, this article includes information on the various stages included in a conveyancing / property law transaction. This article was published in the NZ Homeowners magazine and was written by property lawyer Ian Mellett, principal of Quay Law (Remuera, Auckland). Read more
NZ Family Trusts made easy
What is a trust ?
A trust is a form of transport, much like a container truck. The driver and co-driver are the Trustees, who are charged with ensuring the safe transportation of the container contents, being the Trusts Assets, for the benefits of the recipient..... Read More
A trust is a form of transport, much like a container truck. The driver and co-driver are the Trustees, who are charged with ensuring the safe transportation of the container contents, being the Trusts Assets, for the benefits of the recipient..... Read More
Trusts and Family Trust Explained - Published Legal Article by the legal team at Quay Law (2010)
At the outset, it should be borne in mind that the reasons for implementing a trust structure are extremely important. Your family circumstances clearly play a pivotal role in this regard.
Outlined below are a number of reasons why implementing a trust structure could possibly be of benefit to you and your family: click here for full article.
Outlined below are a number of reasons why implementing a trust structure could possibly be of benefit to you and your family: click here for full article.
The Role of the Trustee (2011)
A trustee must manage the trust and its assets properly, investing with diligence and prudence... click here for full article.
Choosing an appropriate legal entity when purchasing a business (2010)
A key aspect in this process is necessarily the choice of the most appropriate purchasing entity. It is important that you obtain the requisite advice from both your lawyer and accountant, as they will be in a position to explain issues such as limited liability protection, tax and succession planning to facilitate an informed decision being made.
There are four main entities that are predominantly used to operate businesses in New Zealand, namely the sole proprietorship, partnership, limited liability company and trading trusts.... click here for full article.
There are four main entities that are predominantly used to operate businesses in New Zealand, namely the sole proprietorship, partnership, limited liability company and trading trusts.... click here for full article.
Proposed Trust Law Changes in New Zealand
Please view our Quay Law Trust presentation on the proposed trust law changes in New Zealand on
Implications of the repeal of gift duty
The repeal of gift duty may exacerbate some of the problems associated with trust use and may reduce the effectiveness of the existing legislative approaches to trusts.
Whilst the review of trust law is in progress and the Law commission invites comments NOW IS THE TIME to review your trust to ensure it is able to withstand any changes to NZ trust legislation.
For more information regarding your trusts please contact Auckland Lawyer Ian Mellett on (09) 5232408.
Do you have a Family Trust / Trusts. This is a must read
New Zealand Trust Law under review by Ian Mellett
of Quay Law, Auckland, NZ. (2011)
March 2011. Based on current records, New Zealand has one of the highest numbers of trusts per head of population in comparison to other countries. It is estimated that there are at least 237,500 trusts in New Zealand but this figure could be as high as 400,000.
The Law Commission has been asked to review the Trustee Act 1956 and trust law generally. The Commission plans to tackle the review in 3 stages: ..... click here for full article
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