Liability of board members and trustees of charities
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What is the personal risk to you if you are a board member of a charity?… Read More
A trap for charities
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Keep your register of officers up to date to avoid your charity losing its charitable status.… Read More
Family trust beneficiaries: the hope or expectation of benefit
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You may be a beneficiary under a trust you have set up or set up by your parents or by a wife, husband or partner – what does that entitle you to?… Read More
To gift or not to gift: what are the consequences?
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Parliament has abolished gift duty from 1 October 2011.
That means that from 1 October you can make a gift of any size without incurring gift duty (tax). … Read More
What is a “memorandum of wishes”?
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A memorandum of wishes is often signed in conjunction with a trust deed. What is it?… Read More
Can a family trust help me protect my property in the event of a relationship breakdown?
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Whether a trust will provide you with protection in this situation will depend largely on timing. A trust is an ideal structure to protect assets acquired before or in the early stages of a relationship.… Read More
Trusts – getting the administration right
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If you have a family trust, it is very important that it is run and administered properly. This means not treating the trust’s assets as if they still belong to you, but recognising that ownership of those assets is held by the trustees for the benefit of the trust’s beneficiaries.… Read More
Death and the trustee
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Many thousands of people are executors and/or trustees of their friend’s or family member’s will but what does this mean and what does it involve?… Read More