Family Trusts - Revised and Updated

Download or read book Family Trusts - Revised and Updated written by Martin Hawes and published by Penguin Random House New Zealand Limited. This book was released on 2020-11-03 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2021, The Trusts Act 2019 comes into force. This is the first major trust law reform in New Zealand in 70 years. Many of the key changes are aimed at making trust law more accessible to both lawyers and the public, strengthening the ability of beneficiaries to hold trustees to account. Anyone involved in a family trust will need to find out about the changes introduced by this new Act. Many will choose to wind up the trust, and those that keep them will need to change how they manage them, so this book is an essential tool. A family trust offers you the benefits, use and control of your assets. Clear and straight-forward, and aimed at the layperson, Family Trusts includes up-to-date advice by New Zealand's leading financial writer, with real-life examples and answers to commonly asked questions throughout. This book has sold well over 120,000 copies since it was first published and is an essential book for anyone curious about family trusts or involved with a trust. ‘In my experience, 75 per cent of family trusts in New Zealand are so badly arranged or managed that they could easily be attacked and overturned in court... managing a trust badly is a bit like insuring the contents of your house but then going on holiday and leaving the doors wide open,’ says Martin Hawes. This is the one book anyone involved with a family trust should own.