Leaving something behind for the next generation
Set out your wishes ready for the next
generation – because a little foresight now
can help others benefit later on.
An inheritance trust forms part of your estate plan. It can be
created for a beneficiary such as a child, grandchild, niece or
nephew. Assets remain in your name during your lifetime and are
transferred into a trust when you’re gone. They remain protected
by the trust as your final wishes are carried out.
As New Zealand’s largest trustee company,
we make things easy.
Here’s how an inheritance trust works…
1. Prepare your Will when the trust 3. Your letter of wishes will help you set out
is formed, leaving your assets to the your intentions on how you want the
trust you set up. You’ll need to set up trust administered.
a separate trust for each beneficiary.
4. Appoint trustees – this could be Public
2. Where possible, we recommend you Trust and the beneficiary, or only Public
involve the beneficiary to help them Trust if the beneficiary is a minor.
understand your intentions and wishes.
5. The assets are transferred to the trust
only when you pass away.
Why an inheritance An inheritance trust What costs are
trust? can help your involved?
An inheritance trust can be set • by automatically establishing Setting up a trust requires sound
up to help protect a beneficiary’s a trust for them – saving them advice and a certain amount of
inheritance for the future. time and money legal work, so the costs depend
• remain protected against on the number of trusts to set
The trust structure could suit
potential claims on assets by up and their complexity.
you if you want to keep assets in
your name during your lifetime transferring to the inheritance Please see our fees and charges
and protect your beneficiary’s trust, for example under the guide for the latest details.
interests after you’ve gone. Property (Relationships) Act
1976, or creditors if they are
It can also ensure your assets in business.
benefit the people you wish
Talk to us today
When you’re ready to take the next step, talk to your Public Trust adviser,
call us on 0800 371 471 or visit us at www.publictrust.co.nz