TrustsA trust is the legal relationship created when a person (the "settlor") places assets under the control of a person (the "trustee") for the benefit of some other person or people (the "beneficiaries"), or for a specified purpose.
The assets transferred to the trustees become their property, but they hold the assets on trust for the beneficiaries. The trustees are therefore the nominal owners of the property, but they have a legal obligation to deal with the property in the manner set out in the trust deed. Often there is more than one trustee. There may also be more than one settlor of a trust. Our team of experienced chartered accountants will be happy to set up fixed (the number of beneficiaries and their relative shares are fixed at the outset) and/or discretionary (with the trustees having discretion about matters such as who may be a beneficiary and what each beneficiary's share will be) trusts for you as part of a wider succession or asset protection plan. [email protected] or 0211 00 66 11 Property managementAs part of their wealth creation plan, clients often acquire residential and commercial real estate.
Our New Zealand based firm will help you manage that real estate, from screening tenants with credit and reference checks, to collecting rents and carrying out periodic property inspections, maintaining chattels, and accounting for related costs. [email protected] or 0211 00 66 11 Business cessation and exit strategiesAn exit strategy is a plan that is executed by an investor or a business owner to liquidate a position in a financial asset or dispose of tangible business assets once certain predetermined criteria for either has been met or exceeded.
The plan generally also includes contingency plans to deal with catastrophic events, legal reasons such as estate planning, liability lawsuits and/or divorces, or for the simple reason that a business owner/investor is retiring and wants to cash out. An exit strategy is generally prepared a few years (ideally two to three years) before the intended time to give enough time to value the enterprise, agree and execute a plan to grow cashflows, and to "package" the enterprise to maximise its realisable value. Let our team of local accounting experts be your guide at this crucial time in your journey to realising the wealth from all your hard work. [email protected] or 0211 00 66 11 |
