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Being a trustee is not all honour and glory and can often entail liability and misery. For some of the questions to consider if you are asked to be a trustee see https://mattersoftrust.wordpress.com/trustees-101/ive-been-asked-to-be-a-trustee/.
New Zealand isn’t the only jurisdiction carrying on a love affair with trusts. Although the numbers of trusts in Australia, once population adjusted, are less per head than in New Zealand, the numbers are significant with the Australian Tax Office reporting over 660,000 trust tax returns for the 2008-09 year. These trusts spanning a broad range of industries … Continue reading →
Matters of Trust