The Trusts Act 2019 ("Act") will take effect from 30 January 2021. Running trusts under the new regime can be divided into three components — functional, emotional, and ethical. Neglecting to invest trust property or poor investment choices can be reasons for the breakdown of trusts.
Gifting that might be taking
New Zealand has remained prosperous for more than a decade if you're judging based on recessions, but it hasn't happened without creating wealth divisions. The property ladder issue has led to some parents feeling the need to help the kids reach the first rung. What are the issues?
