Trust and Estate Planning
When it comes to trust and estate planning, Webb Farry provides practical and cost-effective advice that suits your individual circumstances.
Our Trust and Estate Planning team – led by Partner Megan Bartlett – draws on several experienced practitioners within the firm, including Suzanne Corson. The team understands that discussions around assets and individuals’ wishes can create tensions within families and they are experienced at managing such situations sensitively.
In addition to establishing and administrating trusts, the team can also prepare wills and set up enduring powers of attorney, as well as advising on matrimonial and partnership property issues, succession planning and estate administration.
Estate administration is predominantly carried out by our highly experienced legal executives, under Suzanne Corson’s supervision and with Megan Bartlett’s oversight. In this way, estate administration is managed consistently and in a timely and cost-effective manner.
Examples of Webb Farry’s work with clients
- Reviewing the trusts of our existing clients, in light of recent law changes and related economic considerations, resulting in many resettlements and variations to removed significant historical constraints
- Advising private clients and corporate trustees on trust formations, variations and resettlements for both straight-forward residential property trusts and more complicated trusts as integral components of a commercial structure
- Facilitating the intergenerational transition of assets for families, using tailored trust and company structures
- Acting in Black & Ors v Giltech Precision Casting (2004) Limited & Anor – a landmark case where another Dunedin law firm’s trustee company was acting as trustee and, in that capacity, had a costs order made against it following an unsuccessful civil claim. The trustee company attempted to escape liability for the costs, claiming it had simply followed the wishes of its client. We successfully argued that liability could not be avoided on that basis, which resulted in our client obtaining a further source from which to recoup its costs. It also set a new standard of care for legal and accounting firms and their trustee companies
- Establishing and reviewing charitable trusts, including preparation of governing documents, internal trustee policies and procedures, obtaining charitable status and acting as the administrator for charitable trustees (including receiving grant applications and assessing their suitability in relation to a trust’s aims)
- Providing trusteeship services for our established onshore and offshore clients.
"By protecting your assets, we can help you maximise your wealth for the benefit of you and your chosen beneficiaries."