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Family Trusts under fire

May 1st, 2013 | Posted by Accountants Auckland in Taxation | Trusts | Virtual Accountants Auckland NZ | Xero Accountant / Zero Accountants - (Comments Off on Family Trusts under fire)

016061344Did you happen to notice those sneaky little questions on your Census form about Trusts? It’s a sure sign that the Government is now ramping up its interest in Family Trusts (which you might recall, we predicted over two years ago). So, what does this mean for you? It means getting your Trust paperwork absolutely perfect to ensure that your Trust provides the protection you set it up for. Otherwise, you could be in for a rude (and expensive) shock.  To help you get started, we’ve attached links to some of our most popular articles about running family trusts properly. Enjoy! (more…)

Do I need a Trust?

January 24th, 2013 | Posted by Accountants Auckland in Accountant in Auckland | Trusts - (Comments Off on Do I need a Trust?)

5775915_sFamily Trusts aren’t right for everyone.  If you live a quiet little life, working for someone else and owning very little then the thousand odd dollars a year it costs to run a Family Trust probably isn’t worth it.  If, on the other hand, you’re more of a go-getter and own your home along with a successful business then having a Trust is not at all dissimilar to having an insurance policy to protect your assets if things go bad. (more…)