Family Trusts – Why Do I Need One?
Then why not take up my offer of a Free 30 minute consultation to answer your Family Trust
Like Wills and Enduring Powers Of Attorney, Family Trusts are something that most people need to have.
The question is “Why do I need one?”
Take a look below at some of the benefits of having a Family Trust and why you might need one:
- To provide some inheritance protection for your children and grandchildren to ensure that their share of your estate is protected and cannot be subject to claims by third parties.
- Perhaps you are recently self-employed or thinking about becoming self-employed, and worry that your personal assets may be at risk should your business fail.
- It could be that you are worried that when you reach retirement age and require rest home care, you will not be able to receive the WINZ Residential Care Subsidy because you are classed as “Rich”, with assets exceeding the current threshold of around about $220,000.
There is no better time to set up a Family Trust than now, following the 2011 changes in the Gifting Rules. You can obtain the benefits from Family Trusts much more quickly than you were previously able to, and I have seen an increase in the number of Trusts being created since the law change.
I would like to make it as easy as possible for you to take that next step by offering my Free 30 minute consultation, and I look forward to hearing from you with any Family Trust queries you may have.