Tag: Benefit

December Sales

January 19, 2011

The December period recorded its lowest number of listings for NZ. This could have the benefit to ease over supply on the market and help move old stock. Cheers Kim :)

Interesting article http://www.scoop.co.nz/stories/BU1004/S00015.htm. Interesting that New Zealand has an over supply of property, yet the Australian market seems to be making a good recovery. Yes agreed it is due to the resource and mining sector. This is a market that the Government in New Zealand needs to invest in. Everyone accepts that no one wants to spoil this beautiful country with mining, but at the same time the action is needed to fund future growth and infrastructure. Otherwise all the countries qualified Professionals and Trade qualified people will be working in Australia where the money is undoubtedly much better than earning a living in New Zealand. Sadly the reality is most Kiwi’s have not ever been to the areas where proposed mining is being considered. Let’s get with the program. What do you think? Would love to hear something needs to happen to grow this economy for the benefit of all now and in the future :)

Trusts

November 23, 2009

Trusts – a Trust deed is a legal document creating a relationship between a person who places assets under the control of a Trust for the benefit of people or for specific reasons. The person placing assets in the trust are known as the Settlor, the control of the assets under the trust are known as the Trustee and the people who are to benefit are known as the Beneficiaries.

The assets transferred to the trustees becomes their property, but it is for the benefit of the beneficiaries. Trustees have a legal obligation to deal with the assets of the trust in accordance with the trust deed. Generally there will be more than one trustee of a trust.

Stay posted for more general advice around trusts. Warm regards Kim

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