Running a family trust correctly

A trust can be a great way to protect and run assets, for the benefit of children. Keeping in mind the reason for the trust is important. Responsibility of running the trust lies with the trustees and some are not always clear.

Some things to consider:

Make sure personal transactions go through a non trust bank account number
Consider assets purchased with a family trust loan – do they benefit the beneficiaries? Reasons recorded?
Trust law tidy up to take effect now – Trusts Act 2019
Reasons why the trust was formed – still valid today?

If you feel that your family trust could be run better, make those changes now and seek advise.

Should I keep waiting on the central bank forever

Following the OCR cuts majority of banks reacted by mostly passing on the .5% to the floating rates. The fixed rates however received less love.

What is the cost of holding an investment home

For a typical couple approaching there 50s, getting into an investment property could mean another $800,000 in retirement(in this example). That is considering a property

Funding for medication a risk easy to mitigate

There will always be limits on the amount of healthcare a country can afford. I actually feel like we have it pretty good here in

Go easy on going short for too long

It is a given that the central bank will move the OCR down. However, does that mean that fixing short is the best approach to

Running a family trust correctly