Book description
Family trusts are as popular today as ever. A family trust offers you
the benefits, use and control of your assets and doesn t penalise you
for owning them. Clear and straight-forward, and aimed at the layperson,
Family Trusts includes up-to-date advice, with real-life examples and
answers to commonly asked questions throughout. It has sold well over
100,000 copies since it was first published and is an essential book for
anyone curious about family trusts, whether they are self-employed, a
business owner, a wage and salary earner or retired. Â In my experience,
75 per cent of family trusts in New Zealand are so badly arranged or
managed that they could easily be attacked and overturned in court...
managing a trust badly is a bit like insuring the contents of your house
but then going on holiday and leaving the doors wide open, says Hawes.
This seventh revised edition includes a section on effective management
of your trust; many people manage their trusts as if the assets in the
trust were still their own, and keep poor records of the trust s
transactions. Inadequate management can lead to accusations that the
trust is a sham. Drawing on his vast experience, Martin Hawes explains
how to keep correct records and minutes, and to manage your trust so
that it is resilient in the face of a challenge. Martin Hawes is New
Zealand's most widely-known finance writer. He is the author of many
successful financial and investment books, largely written for the
layperson.
