We assist our clients with all aspects of family trust establishment and administration. A correctly established and operated family trust can be an effective tool for protecting assets from creditor claims and for estate planning. That doesn't mean that family trusts are right for everyone's circumstances (particularly as the Government has made substantial changes to its means assessment policy for determining eligibility for the residential care subsidy).
Specialised legal advice needs to be sought regarding the trust and structuring the trust to be suitable for your requirements
Please see attached further information from the New Zealand Law Society on the process – “The Family Trust”