Because of its pleasant climate, comfortable life and social stability, New Zealand is becoming a popular immigrant. For New Zealand immigrants, you need to know about the New Zealand Family Trust Fund, which is very common in New Zealand. A perfect and well-protected family trust fund can protect the property of trust beneficiaries from infringement. The main way to set up a family trust fund is that you transfer the ownership of the property you want to protect from your name to the trust fund, and you can still continue to use it and fully enjoy the happiness brought by the property.

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1. Protect your property ownership from possible creditor claims, for example, if your business goes bankrupt, you are heavily in debt. But you won't lose your family.

2. Set up a reserve fund for special reasons, such as your child's education fund;

Let your children benefit from the property managed by the trust fund.

Protect your property from unnecessary claims. Family trust fund related personnel

Family Trust Fund related personnel:

The creation, management and benefit sharing of New Zealand trust funds usually involve three types of people:

Trustee, a person who applies to create a fund, such as yourself. Trustee, the person who manages the fund, this person can be yourself, but for professional reasons, you should usually be the beneficiary. The beneficiary of a fund, usually a family member or someone you designate, can have multiple beneficiaries.

Fund founders have the right to appoint, dismiss or replace fund managers; If the founder of the fund dies, the fund will still operate normally and the beneficiaries will be protected. Family trust funds in New Zealand can be valid for up to 80 years, counting from the date of establishment.

The disadvantages of family trust are:

1) spend money. A simple trust structure requires a set of trust legal documents, so it will involve expensive attorney fees. Then a professional trust company should be appointed.

2) Transfer of asset control rights. Legally speaking, once the family trust is established, the property trustee has transferred the ownership of the property, so he has no control over these assets. Strictly speaking, it is the trust trustee who controls these assets, not the property trustee. Of course, the trustee of the trust cannot dispose of these properties at will. He needs to manage or distribute these properties according to the scope and conditions stipulated in the trust.