Trusts are billed as a way to protect your assets and pass your wealth on to the next generation, and they’ve become a common thing for a family to set-up.
But the rules around them have changed significantly over the years – so are they still useful, or more hassle than they’re worth?
Henry Stokes is a trust specialist and Perpetual Guardian’s General Council, and joins Nadine to discuss the ins and outs of trusts, and why most of the 400,000 trusts in New Zealand probably serve no purpose at all.
If you have a question you want answered, or a financial story to share, get in touch at nadine.higgins@nzme.co.nz
See omnystudio.com/listener for privacy information.
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