Rainey Collins Lawyers

How Interests in Trusts Are Treated In Relationship Property Claims…

Thursday, 5 August, 2010 | Rachel Vokes

If you are married, in a civil union, or in a de facto relationship then relationship property law may affect any interest you or your partner have in a trust and how any distributions made to you or your partner from the trust will be treated in terms of who is entitled to what.

You have no interest in a trust unless you are a beneficiary of the trust or the trustees have given you… Continue reading

If You or Your Trust Own Property – You Need to Read This

Friday, 23 April, 2010 | Claire Coe

Grant, a self employed marketing consultant, set up a family trust many years ago. As is common, he was the settlor and one of the trustees of that trust.  His Trust owned his family home and late last year bought a holiday home.

He was also a property investor and had a company which held other investment properties.  Grant’s investment property strategy was to buy dated houses, renovate and… Continue reading

The Main Purposes of Family Trusts

Thursday, 22 April, 2010 | Claire Coe

Trusts are for the protection of assets.  Money, property and investments belonging to a trust are held separately from those for whom the trust has been established (the beneficiaries).  Here are some examples of the kinds of protection available.

• Creditors.  If you are sole trader or a professional without limited liability, your home and other significant assets, if placed in Trust, cannot be claimed by creditors or by

A Family Trust And Your Business

Wednesday, 16 September, 2009 | Claire Coe

Contrary to popular belief, Trusts have been around for centuries and a Family Trust is still one of the best ways of protecting your hard earned assets. 

If you are in business, there are times when you run the risk of losing all of your assets.  It does not matter whether you have a small service business, practice a profession, or trade or sell products.  Money, property… Continue reading

Don’t Be Left Behind … Positive Change In The Charities Sector

Tuesday, 22 July, 2008 | Kirsten Ferguson

Those of you who are involved in the charitable sector will no doubt by now be very familiar with the legislative changes made to the sector by the Charities Act 2005 (“the Act”).  But have you done anything about them? 

Despite being passed by Parliament a while ago now, the biggest impact to the sector arising from the Act has just come into effect!  Since 1 July 2008 all… Continue reading

Is Your “Family Trust” Safe?

Thursday, 5 June, 2008 | Claire Coe

A recent decision of the New Zealand Court of Appeal has highlighted the need for persons who have established Family Trusts, or who are contemplating doing so, to ensure that best practice is observed in both the setting up and administration of their Trusts.

The case in question concerned a couple who set up a Family Trust in 1998.  They transferred their jointly owned family home to the Trust… Continue reading

I Want To Change A Trustee Of Trust – That’s Easy, Right?

Tuesday, 13 May, 2008 | Claire Coe

Recently we encountered a situation in which some time ago, people with a Family Trust had tried to remove a trustee themselves simply by signing a resolution to that effect.

Years later when they sold the property owned by the Trust they needed to track down the trustee, who had moved overseas years before, because of course he was on the property title as the owner.  The… Continue reading

The Main Purposes Of Family Trusts

Thursday, 29 March, 2007 | Alan Knowsley

Trusts are for the protection of assets. Money, property and investments belonging to a Trust are held separately from those for whom the Trust has been established (the beneficiaries).  Here are some examples of the kinds of protection available.

• Creditors.  If you are a sole trader or a professional without limited liability, your home and other significant assets, if placed in Trust, cannot be claimed by creditors or

Family Trusts

Thursday, 29 March, 2007 | Claire Coe

The concept is simple: you want to have direct ownership of less assets while still providing for family members and retaining the benefit of the assets. A trust is a legal structure that separates you from ownership of your assets. A primary reason why you may want to separate ownership is to protect yourself from claimants against your assets.

A trust has three parties:

• Settlor – Starts

Don’t Risk Your Trust Not Working

Thursday, 29 March, 2007 | Claire Coe

Trusts are for protecting property.  They do this very well but only if they are properly administered.  If you get into financial difficulties and have significant assets in your Trust, the first thing your creditors will do is to try to get their hands on those assets.

This means it is absolutely vital that your Trust cannot be accessed by anyone other than those for whom it was established… Continue reading

Thursday, 2 September, 2010

Rainey Collins Recent Appointments

Monday, 30 August, 2010

Rainey Collins Hosts Women in Business Corporate Event