Family Trusts & Asset Management
Murray Withers & Associates in Christchurch has extensive experience in family trusts and private trusts. They can provide professional advice in asset management and estate planning matters including those involving property relationship and family protection issues.
What Is A Trust?
A Trust is a separate legal entity comprising three parties:
| The Settlor: | who provides assets to be held in the trust for certain purposes. |
| The Trustees: | who administer the trust in accordance with the trust deed. |
| The Beneficiaries: | who receive the income and/or capital in terms of the trust deed. |
The trust is completely separate from the above people and is likely to have to prepare annual tax returns, pay income tax and be registered for GST purposes and have its own bank account.
Some benefits of trusts are:-
- Estate planning
- Asset protection from creditors
- Tax savings due to income splitting
- Matrimonial property claims protection
- Providing for children's education.
For further information, contact us at: or Telephone (03) 379 9705.
View more about Murray Withers & Associates' Christchurch-based legal services.