Why is a family trust a smart idea?

Here's why a family trust may be right for you...

• protect against professional liability claims
• protect assets against unexpected business debts
• provide for your family and protect assets for the future
• reduce the chance of relationship property claims by future partners
• maintain confidentiality about your financial affairs
• prepare for the time you might need residential care
• structure your affairs effectively for tax.

This test is based on the following assumptions...

• Gifting is calculated at $27,000 each year
• It takes five years after the gifting programme ends to get the full benefits of the trust
• Assets increase in value at 5% each year
• Where a home is owned jointly, the owners establish the trust together
• Public Trust's understanding of the law as at 1 June 2005.

This test is intended as a general guide only and is not a substitute for professional advice in any particular circumstances. No liability will be accepted by Public Trust for any loss arising from any person relying on this test.