A family trust is a mechanism to protect assets for the benefit of specific persons (beneficiaries).
A family trust can provide you with peace of mind, and continued security for your family. A properly planned trust deed will protect your assets against the risks of tomorrow and provide financially for future generations too.
How do they work?
When the settlor, who originally owns the assets, decides they want to establish a family trust, they do so by creating a trust deed. The deed carefully outlines the trustees, beneficiaries, and how the trust is to be managed. The settlor gives their assets to the trust or trustees. Those assets then belong to the Trust. The Trustees use that property for the benefit of the beneficiaries who are specifically named individuals, groups or entities under the terms of the trust.
Why have a Family Trust?
Trusts allow you to:
Contact one of our Trust Managers to find out if a family trust is right for your circumstances.
Trustees Executors Limited was established in 1881 and is New Zealand’s first Trustee Company.
We provide a full range of financial and trust solutions to individuals, families and the corporate sector, including estate planning, trustee and investment advisory services.
We are a Licensed Financial Markets Supervisor and a leading provider of specialist Corporate Trustee and back-office fund administration services to some of New Zealand’s largest financial institutions, banks and fund managers.
Copyright © 2024 Trustees Executors Limited – All Rights Reserved. No information or material can be copied or distributed without our express permission.