Trusts in New Zealand are essential for asset protection, managing family wealth, and tax benefits, but compliance requirements have increased, making proper administration crucial. Using professional trustee services in NZ ensures trusts are well-managed and compliant with the Trusts Act 2019, minimising non-compliance risks.
Covisory Trust Services is an independent and professional trustee services company offering comprehensive trustee services. Acting as independent trustees, we ensure active involvement in trust administration, focusing on compassion and impartiality. You can rest assured that we will carry out your wishes, maintain trust records, prepare trustee resolutions, facilitate meetings, and resolve queries. Our role ensures that trust assets are protected, trustees are informed of relevant developments, and the trust operates transparently, avoiding conflicts of interest and "sham trust" accusations.
The Covisory team possesses expert knowledge of New Zealand trust law issues and a detailed understanding of the practical and commercial implications for individuals and businesses. They work seamlessly with your lawyers and other advisors to ensure the right vehicle is put into place.
Independent trustees bring transparency, efficiency, and impartiality, ensuring that the trust serves the beneficiaries' best interests without personal gain influencing decisions. This impartial oversight can demonstrate that the trust operates as intended, safeguarding against third-party claims. Trust administration benefits significantly from the expertise of independent trustees, such as solicitors or accountants, who are familiar with trust legislation and compliance requirements.
For those seeking specialist advice or considering appointing an independent trustee, the Covisory Trust Services Team offers experienced professionals to help manage and protect trust assets effectively. By utilising our professional trustee services in NZ, you ensure that your trust is administered with the highest standards of expertise and care.
Our expertise covers
Estate PlanningNZ Domestic TrustsNZ Foreign TrustsAMLRelationship Property - Independent Trusteeships
Contact the Covisory Trust Services Team today for specialist advice and to ensure your trust is managed and protected effectively.
