Trust Law - How to start a trust

• An asset protection plan and trust will only be safe, and achieve your objectives, if you use an expert to prepare it.
• If you wish to use our services please:
  - Telephone us on + 00 64 9 4150099 to make an appointment to come to our office, or for a telephone meeting, to discuss in detail your circumstances, and the structure appropriate for your circumstances. We look forward to assisting you with your asset protection planning.
  - Send us the completed questionnaire:
  By email (as a scanned attachment) to rossholmes@rossholmes.co.nz; or
  By facsimile to + 00 64 9 4150098.

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ensuring that:

• The quotation is for all of the documents required as part of your asset protection plan.
• You understand that you need a complete personalised asset protection plan.
• You do not (as occurs so frequently) obtain a trust on its own.

A Trust is required to protect your assets against risk. It is therefore essential that it does work if the worst happens.

The archilles heel of trusts is the failure by 90% or more of advisors to give essential advice upon how to run the trust, and make and record trustees decisions. When you lend money to the Trust what do you need to do? What do you need to do to obtain loan repayments from the Trust? Who should pay for outgoings on a house occupied by Trust beneficiaries - the Trust or those beneficiaries? If the Trustees do not get guidance on such practical matters they will guess, and make mistakes.

Without such practical guidance the trust is likely to become a "sham" and invalid. This means there has never been a trust, and the person(s) who settled the assets upon the Trust has/have always owned the assets (providing them with no protection against risk).

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we recommend that you:

• Gain a better understanding of the need for an asset protection plan and trust by:
  - Attending one of our "Solutions with Trusts" seminars; or
  - Purchasing our "Solutions with Trusts" DVD (a seminar on a DVD presented by trust expert Ross Holmes) for only NZ$14.95 including postage and packing.
  - Reading one of trust expert Ross Holmes' books:
  - "Success with Trusts" or
  - "Successful Trust Management
  - "Sham Trusts
  While these are optional our experience from dealing with thousands of trust clients over the years is that after reading Ross Holmes' books, attending our seminar or watching our DVD you will have a far better understanding how to run the trust and make valid trustees decisions.
• Alternatively read our on line information:
  - Why the old way of owning assets personally and leaving assets to your loved ones on your death is dangerous.
  - "Solutions with Trusts" information

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