Ensure Your Trust’s Security with an Annual Trust Meeting: Protect Your Assets and Stay Compliant!
At Ross Holmes Virtual Lawyers Limited, your Trust’s security and compliance are our top priorities. Managing a Trust isn’t just about safeguarding your assets today – it’s about ensuring they’re protected for generations to come.
One of the best ways to achieve this is through an Annual Trust Meeting. Even if your Trust hasn’t had recent transactions, this proactive step is vital for keeping your Trust compliant with New Zealand law and aligned with your goals.
Why Have an Annual Trust Meeting?
Your Annual Trust Meeting provides an opportunity to review, reflect, and reinforce your Trust’s objectives. It’s a chance to:
• Reaffirm your Trust’s objectives and make updates if needed.
• Review the structure and ensure it meets current legal and family requirements.
• Confirm that all administrative details are in perfect order.
By completing the end-of-year minute provided in your Trust folder, you’ll keep your Trust running smoothly and avoid surprises down the track.
What’s Included in Our Annual Trust Meeting Service?
Our service is designed to take the stress out of Trust administration, covering:
1. Reviewing Your Trust’s Key Documents
• Objectives: Do they still meet your needs?
• Beneficiaries: Should any appointments or removals be made?
• Memorandum of Wishes, Wills, and Enduring Powers of Attorney: Do they reflect your current intentions?
2. Updating Your Trust Minutes
• Need our latest draft format? We can help you update your records with ease.
3. Comprehensive Trust Review
Trustees
• Have all Trustees approved and signed off on decisions?
Assets
• Are all purchases and sales recorded in the Asset Register?
• Is property insurance current, in the Trust’s name, and paid up?
• Are all rates and maintenance tasks up to date?
Loans
• Are loans, repayments, and gifts recorded accurately?
• Have your principal loan repayments been updated in the unsecured loans register?
Gifting
• Have annual Deeds of Gift been signed?
• Are gifts recorded on the Trustees' equity account schedule?
Distributions to Beneficiaries
Have all distributions been minuted and recorded in the Register of Distributions?
Accounts
• Have annual accounts for the last financial year been prepared/approved (if required)
• Have tax returns been filed (if required)
After the meeting, we will email you a summary of the decisions made and the next steps, ensuring that nothing is overlooked.
Our Affordable and Convenient Trust Review Service
For just $422.63 including GST, you can meet with Kirsty Hourigan (in person or via Zoom) for a comprehensive 1-hour review of your Trust. This fee includes all the checks above, making it easy to ensure your Trust is in perfect shape.
Note: Additional legal work identified during the review will be charged separately.
