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Raising a family in New Zealand is not easy

But it can be a good deal easier if you have asset protection and prudent financial planning. Ideally, you want to plan your estate so you keep your wealth, control your own assets, protect your family, and avoid becoming a burden to your children.

Protect what you've worked so hard to achieve

Who needs asset protection? You do - unless you have no assets or family. The best asset protection is a family home trust, which is easy and inexpensive to set up yourself online. A family home trust will protect your property and assets in the following ways:

• Spreading The Wealth - If you plan to distribute your assets amongst family members, a family trust can help you navigate the latest New Zealand income tax laws relating to distribution of wealth from trusts to minors.
• Marriage Partnerships - Those who are in a second marriage, or contemplating re-marriage, would benefit greatly from the asset protection offered by a family home trust.
• Achieving Your Goals - If you have a clear-cut plan for your assets, setting up a trust will ensure your wishes are carried out. Otherwise, your estate is vulnerable to attack.
• Matrimonial Property - If your children are married or in a relationship, you don't want your assets to fall into their partners' hands, and a family home trust is the best way to avoid this possibility.

Insurance and Wills offer asset protection

Insurance is a good way to protect yourself against unexpected financial catastrophes, which can range from loss of property to loss of life. If you are no longer able to provide for your family, insurance coverage will foot much of the bill. A will formally spells out how your assets and property should be divided after your death, so everyone needs one - no matter what age they are. Note that a family home trust can incorporate both life insurance and a personal will into a cohesive asset protection plan.

A Family Home Trust is the way to go

A family home trust is like deadbolt locks and an alarm on your home, measures of protection that will keep your home safe from claims and challenges. If your business fails, it would be very difficult to lose your house if it's in a family home trust. Nowadays, there are few guarantees in life, but a family home trust is one of the old tried and true ones.

So why not register with TrustUs today and get sorted.

Its in your hands.