NOTHING IS FOR NOTHING
You are paying for professional advice and assistance that will give you protection and peace of mind.
The cost will depend on the extent of the services provided and before you are committed to any costs you will receive a detailed quote so you will be fully aware of the total cost.
The costs for forming a trust,and dealing with the associated documents and asset transfers to the trustees will as stated, depend on the extent of the services provided.
In every instance a written quote will be given to you before there is any committment to cost and your written acceptance of this quote will be required. So there will be no surprises.
Remember you are setting up a legal structure that will provide ongoing protection for you and your family.
The ongoing management fees payable each year when the trust is reviewed will depend on the amount of activity in the trust. In a normal trust situation the fees will be around $250 each year plus GST.
The costs for taking instructions, preparing a will and arranging signing are very competitive and well below those generally charged by lawyers and other trust companies and are well below those charged by Public Trust. Once again you will be given a quote and your signed acceptance obtained.
Over the years there have been numerous examples of positive and negative outcomes in relation to trusts:
Remember the excesses of the 80ís and some of those convicted for fraud who retained their assets because the assets had been put into trusts years before. For those individuals and their families trusts saved vast amounts of their family wealth that would otherwise have been lost.
The saddest cases we see are those of ordinary Kiwiís who have decided not to form a trust usually as a cost saving measure and then get into financial difficulty through a business or a failed investment. We see these people regularly wanting to set up a trust when it is too late.
DONT BECOME ONE OF THOSE THAT LEAVE IT TOO LATE!!!