Posts Tagged ‘trusts’
NZ TRUST TAX ISSUES WHEN MOVING TO AUSTRALIA
NZ Trust tax issues when moving to Australia. Is that “a thing”? Ooooh yes. Let’s explore: New Zealand trusts are often treated as simple, stable structures. That sense of stability can quickly unravel when trustees or beneficiaries move offshore—particularly to Australia. Every year, thousands of New Zealanders relocate across the Tasman for lifestyle, family, or…
Read MoreWHAT TRUST TAX CHANGES MEAN FOR MY FAMILY
What trust tax changes mean for my family: Is that something you have been wondering about? Lately, I’ve been hearing a lot about rising taxes on trusts and the growing wealth gap between generations. Like many families, we’ve worked hard to build up some assets — a home, maybe a rental or two, a business…
Read MoreSHAM TRUSTS: COULD YOUR FAMILY TRUST BE A SHAM?
How a trust might become a sham: A trust that starts off as genuine and legitimate – the trustees are all involved in decision-making – might become a sham if one trustee in effect hijacks the rest. What do we mean?
Read MoreCOMMON MISCONCEPTIONS ABOUT FAMILY TRUSTS
The beneficiaries have the legal right to be informed and to be considered, and as a trustee you must prove that you have consistently done this. In other words, there is no such thing as a “passive” trustee.
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