Trusts are an efficient structure to:
We do not recommend using trusts for the sole purpose of reducing tax or becoming eligible for rest home subsidies. Tax and social welfare laws are constantly changing. IRD and other government departments can challenge arrangements that lack commercial reality or where the intention was to manipulate the tax or welfare systems.
Trusts are an efficient structure for protecting your assets and providing financial assistance to family members. However, a trust must be managed, maintained and accounted for on an ongoing basis, just like the assets and investments it will own. The real benefits of having a well planned and maintained trust are usually in the future, often when something in your life goes wrong.
Contact us today for a no obligation discussion to learn more about trusts and how they can help you. We have extensive experience and expertise in trusts and will work closely with your lawyer to get the best structure for you.