Setting up a family trust
Why set up a trust?
Family trusts protect your assets and benefit your family long after you've passed away. Trusts can protect your children's inheritance until they come of age and make sure that only they, and not their partners, can access those assets.
By placing money or assets in a trust, they're also protected against creditors if a business venture in Christchurch fails. You get peace of mind knowing you have protected your family home.
Expert Trust Lawyers
Forming a trust is a big decision but Godfreys Law has the necessary expertise to guide you through the process. Our Trust Lawyers can advise you and your family on a trusts' pros and cons, ensuring it is established and managed properly.
Invest in your future
Our goal, as your trusted advisors, is to guide you through the process of protecting your assets. We'll explain everything without any complicated legal jargon and assist you in selecting the appropriate tools and strategies.
Asset Protection Tools
Asset protection encompasses succession planning, protecting your assets for future generations. It also offers the tools you need during life to give control, certainty, and clarity around how your assets are to be dealt with.
Some of the tools our Asset Protection Lawyers can use to help protect your assets include:
- Preparing and revising your Will
- Enduring Powers of Attorney
- Contracting our agreements
- Family trusts
- Business ownership structres
- Shareholder agreements include buy/sell agreements
- Key person insurance
- Inheritance trusts
- Personalised asset protection plan
Because the scope of asset protection measures is so broad, there simply is no one-size fits all approach. One of our specialist asset protection lawyers can meet with you to create a personalised plan to manage your assets.
At a bare minimum, we recommend everyone has both a Will and Enduring Powers of Attorney. Get in touch and we can create these for you.