Who are the current favourites for trusted Trust advice, specifically re-structuring a (simple) family trust and wills now that the kids are all adults.
Specific questions;
a. If an adult child is made a trustee of the family trust, containing family assets including the family home, does that affect their 'First Home Buyer' status when it comes to Kiwi Saver/Kiwi Build?
b. Given that the trustees are listed on the property documents ' as trustee for the XYZ Trust', does changing the trustees trigger a full 'Sale and Purchase' process, or just a (hopefully cheaper) re-documentation exercise?
c. Is it generally a good idea/normal practice for named beneficiaries (i.e. the adult children) to be trustees?
Specific questions;
a. If an adult child is made a trustee of the family trust, containing family assets including the family home, does that affect their 'First Home Buyer' status when it comes to Kiwi Saver/Kiwi Build?
b. Given that the trustees are listed on the property documents ' as trustee for the XYZ Trust', does changing the trustees trigger a full 'Sale and Purchase' process, or just a (hopefully cheaper) re-documentation exercise?
c. Is it generally a good idea/normal practice for named beneficiaries (i.e. the adult children) to be trustees?
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