Can someone remind me the name of the organisation that provides tuition on managing a family trust, please? They used to advertise but I haven't hear it lately. A web search has not worked. We use a "name" organisation to manage our trust - which is now only used for gifting our property to the trust. And the annual cost is, in our view, too high. For mere gifting transactions, we think we should be able to do it.
Thank you.

I'm afraid I don't know, but some people you can ask are: Internal Affairs or an accountant or lawyer (But not the one you are using) or maybe even Public Trust but they will want to do it for you.

What we have done is to set up a deed of gift. This was done through and administered the Public Trust with a one off charge and we gift the max each year, but they do this as part of the initial fee.

We use Public Trust and they charge us heaps to manage the annual gifting. Every year. Involves meeting with them and paying the bill. We would like to manage it ourselves.

Is that for a family trust or a deed of gift? When we enquired about family trusts they said that the amount we were talking about was not worthwhile setting up a trust and recommended making a deed of gift. They set it up and we meet with them annually to sign the gift over to the family at the max allowable. There was only the set up fee. At the annual meeting we also review our wills. The set up fee was only $500.00 all inclusive and their advise was to only transfer a max of 50% of the currant value of the dwelling.

Don't know if this is of any help hope you can get it sorted.

When you searched the net did you use google.co.nz or google.com if you use the NZ one you get the chance to search ONLY NZ. click the button below the search window. Not trying to be funny but a lot of people don't know this option is available. Rather than using the search window on your browser, enter into the address window.

Good luck!

Footplate, Ross Holmes Trust hold seminars regularly. I have just set up a Trust with them. There is an initial cost then you are able to do all the gifting, change of trustees etc. youself. You may be able to transfer your Trust to them for a fee the schedule of these are available. Phone them for details of seminars and then you can have a free hour consultation.
It saves the on going expenses so many people seem to incur.
Hope this helps you.

All the comment is appreciated. We set the family trust up to manage investments and to assume owership of the property. Subsequently, we removed the investments from the trust and manage them personally, with no intention of leaving anything for the family. However, we continue with the gifting of the home in anticipation of not being means tested in the future. If it comes to that. Certainly, neither of us see any need to preserve funds to off-spring, though that is a separate issue. Now, we want avoid the $400 pa the Public Trust is charging us.
Many thanks for the advice.

We are considering placing our family home only into a trust, probably use the Public Trust as they drew up our wills. Should we use a lawer, or stick with the Public Trust. The previous writer said the Public Trust charge $400 pa, sounds rater expensive to action one transation a year. Can this be done by ourselves? Anybody know what the set up fees are either a lawer or Public Trust.

We put a home into a family trust. We used a lawyer, only because we had heard so many horror stories about the Public Trust.

The set-up costs all depend on how `intricate' your trust is.

The lawyer we went to gave us the first `consultation' for free, so we could discuss basic options. After that he charged his normal rate.

I believe the trustees of the trust can action things themselves, but again, your lawyer will advise you of this.

Let us know how you get on.