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Articles by The Professional Trustee Team.

Family Trusts 101 Book

AUTHOR: The Professional Trustee Team

POSTED: 30 June 2010

I'M TELLING ALL!

After plenty of anxious moments and sleepless nights, I've done it. Yes, I have written a book. "Family Trusts 101" has finally been born.

Trusts are never easy creatures to understand but I think this book should help all New Zealanders comprehend the creation and administration of family trusts. In a way, it's a 'go to' book.

If you've ever been confused or frustrated about how a trust is supposed to operate or if you've ever wanted to know the in's and out's of a trust, then this book is a must read for you.

I've spent many days and months using my little grey cells to bring you a book written in plain English. It's an easy read, packed with great examples which will demonstrate the points I'm making.

You won't need any previous knowledge to understand this book as I've made a massive effort to ensure it won't bamboozle you with legal jargon. So a word of warning should be given. If you are looking for a concise legal text on equitable structures, coupled with judicial dictum and ratio decidendi, then this book is not for you!

If however you want a guide on trusts, which covers the following points, then you should seriously consider buying this book:

Happy reading everyone. How Trusts came to exist; What a Trust can do for you; Steps to take to place your assets into a Trust; What a gifting programme is; How Trustees should act; What a Professional Trustee can and should do for a Trust; Whether you need a Bank account; If financial statements should be prepared for the Trust; And so much more.

I really hope you love reading this book as much as I loved writing it.

Of course, this is the first of many books so any feedback you wish to give me would be much appreciated.

Request a Meeting

The Professional Trustee Team

09 522-7955

info@gra.co.nz

© Gilligan Rowe & Associates LP

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Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact the author.

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Hi Salesh, I just wanted to send you an email on behalf of GRA to say how fantastic we have found your company to date. As you know, Ben and I joined GRA a couple of months ago and have just found you so amazingly helpful in getting our new property set up correctly and sorted out. We have what I would consider a rather complicated structure as a result and it’s a fantastic feeling to know that we are getting everything done in the best way possible. We have just had approval to put a minor dwelling on the property which will make a massive difference in terms of cash flow and obviously value, something we would never have even thought of without GRA and which we are very excited about. During the buying process we attended a seminar with Matthew and from the outset thought he was fab. We therein signed up for property school and found this nothing short of fantastic. The content was relevant, up to date and comprehensive, but more importantly it was taught in a way that we could actually understand and really get value out of. I wanted to mention also, that everybody GRA have recommended to us has been just so efficient and absolute masters at what they do. A wonderful network of people that we feel very lucky to now be able to call on. From Kris Pederson and Bryan Rist who put our mortgage together to the insurance guys they then referred us to, I’m super impressed. Within GRA, Ellery has probably turned things around for us faster than I’ve ever known before, something which we appreciated so very much when it came to crunch time. She’s always a pleasure to deal with and again, we’re stoked. We’ve just settled on the property today and are about to go and get the keys. I’m pretty pumped and hence this email is probably rather excitable. So, a massive thank you to you Salesh, the partners for such a fabulous 6 weeks at property school and everyone at GRA for their help. May this be the start of our property empire. Thanks again, - A & B - July 2015

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