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Setting Up a Trust in New Zealand: Your Comprehensive Guide New Zealand offers various trust structures, including discretionary trusts, family trusts, charitable trusts, and trading trusts Each type serves different purposes, such as asset protection, succession planning, or charitable endeavors
Understanding the Legal Structure of Trusts in New Zealand Since the introduction of the Trusts Act 2019, the legal framework governing trusts in New Zealand has been significantly streamlined Some argue that trusts have lost their appeal; however, this depends entirely on the purpose and management of the trust
New Zealand Trusts Guide - MoneyHub NZ We explain everything you need to know about setting up a trust, including all the terminology, costs, obligations and pros and cons
What Is A Trust And Is It Right For My Business? (2025 Updated) If you’re considering a trust business structure in New Zealand in 2025, this article covers everything you need to know – including recent updates under the Trusts Act 2019, which remains a key piece of legislation
NZLS | The Family Trust - New Zealand Law Society The Trusts Act 2019 ("the Trusts Act") applies to all express trusts in New Zealand, including family trusts If settlors and trustees have not already done so since this legislation came into force on 30 January 2021, they should organise a comprehensive review of their trust deeds
Trusts - IRD It explains how to determine whether the person who transfers the money or property is a trustee of a trust and when a taxpayer will have derived either beneficiary income or a taxable distribution from a foreign trust Whether income deemed to arise under tax law but not trust law, can give rise to beneficiary income
A Practical Guide to Family Trusts in New Zealand - Parry Field family trusts in existence in New Zealand today In discretionary family trusts there are two t nd that any trust assets be distributed to them The reason for this is that, as the name suggests, the trustees have sole discretion as to which discretionary beneficiaries listed in the trust deed are to receive any assets or income, and if s
SETTING UP A TRUST - wclc. org. nz Trust document: The document which records the property held by one person on behalf of another, or others, or for a particular purpose Trustee: The person in a trust document holding the trust property The person for whom it is held is called the beneficiary Trust property: The property held by a trustee
KEY FACTS TRUSTS - Trident Trust TRUST STRUCTURING FLEXIBILITY The New Zealand Trustee Act 1956 provides trustees and settlors with a unique ability to delegate certain roles within the trust – this means key roles, typically fulfilled by a single trustee (i e , the standard trust arrangement), may be delegated to different persons where such structuring better serves a