Tag: trustees

How Wealth Advisory Services Can Help You Achieve Your Financial Goals

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Wealth advisory services are specialized financial services that help individuals and businesses achieve their financial goals. These services include investment management, estate planning, risk management, and tax planning. Wealth advisory services are typically provided by a financial advisor or team of advisors who have extensive knowledge and experience in the financial industry.  

What Services Are Offered? 

Wealth advisory services can be tailored to meet the individual needs of each client. Generally, the services offered include investment advice and planning, estate planning, retirement planning, tax planning, philanthropic giving, and risk management. If you need to know more about wealth advisory services you may navigate to this website https://www.trustees.co.nz/private-wealth/wealth-advisory-services/ . 

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How Can Wealth Advisory Services Help You Achieve Your Financial Goals? 

Wealth advisory services can help you achieve your financial goals in a number of ways. First, they provide advice on investments and strategies to help you grow your wealth. This includes selecting the right investments to meet your financial goals, as well as developing and implementing a financial plan. Second, wealth advisory services can provide advice on estate planning and risk management. This includes setting up trusts and other estate planning tools to protect your assets, as well as identifying and minimizing potential risks. Third, wealth advisory services can help you make informed decisions about tax planning. This includes taking advantage of available tax incentives and deductions, as well as minimizing your tax burden. Finally, wealth advisory services can provide guidance on philanthropic giving. This includes developing a strategy to give back to your community in a meaningful way.  

How To Save Money On Power Of Attorney: Tips And Tricks

Katheryn Burch Leave a comment

Power of attorney (POA) is a legal document that gives a person authority to make decisions for another person. These decisions can range from financial to medical decisions, and can be extremely important if the person needs assistance due to an illness or injury. Unfortunately, getting a POA set up can be quite expensive, so it is important to know the best ways to save money when obtaining one. If you need to know more about power of attorney services you may navigate to this website https://www.trustees.co.nz/private-wealth/family-and-estate-planning/enduring-powers-of-attorney/ . 

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Here are some tips and tricks to help you save money on power of attorney.  

Know What Documents You Need 

The first step in saving money on power of attorney is to know what documents you need. Depending on the type of POA you are obtaining, you may need different forms and documents. Knowing what documents you need ahead of time will help you avoid spending money on documents you do not need, and will also help you avoid any delays that could cost you more money.  

Shop Around 

Once you know the documents you need, it is important to shop around for the best price. Different attorneys and companies offer different services and prices, so it is important to compare prices to ensure you are getting the best deal.  

Negotiate Fees 

Once you have found an attorney you are comfortable with, it is important to negotiate fees. Most attorneys are willing to negotiate their fees and can often provide discounts for certain services. 

How To Make A Family Trust Will In New Zealand ?

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Making a family trust will in New Zealand can be a complex process, but it's important to ensure the wishes of the trust are carried out. A family trust will is a legal document that outlines the wishes of the settlor, or the person who sets up the trust. It outlines who will benefit from the trust, how the trust will be managed, and how the assets in the trust will be distributed.  

1: Decide Who Will Benefit 

The first step in making a family trust will is to decide who will benefit from the trust. This includes deciding who will receive the assets in the trust, and how the assets will be distributed. It's important to consider the needs of the beneficiaries before making any decisions. If you need more information about family trust will you may navigate to this website https://www.trustees.co.nz/private-wealth/family-and-estate-planning/wills/. 

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2: Appoint a Trustee 

Once the beneficiaries have been chosen, the next step is to appoint a trustee. The trustee is responsible for managing the trust and ensuring the wishes of the settlor are carried out. The trustee must be over the age of 18 and of sound mind.  

3: Draft the Will 

The next step is to draft the will. This will outline the wishes of the settlor, such as who the beneficiaries are and how the assets in the trust will be distributed. It's important to include as much detail as possible in the will to ensure the wishes of the settlor are carried out.  

4: Sign and Notarise the Will 

Once the will has been drafted, it must be signed by the settlor and all beneficiaries. In addition, the will must be notarised by a lawyer or notary public. This ensures the will is valid and the wishes of the settlor are carried out.   

What Is An Enduring Power Of Attorney ?

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An enduring power of attorney (EPA) is a legal document that allows one person to authorize another person to make decisions on their behalf in the event that they cannot do so themselves. An EPA can be created for any purpose, including health care, financial management, and estate planning. 

The key element of an EPA is the appointment of a durable agent, or proxy, who will act on the client’s behalf if he or she becomes incapacitated. The agent must be someone you trust and have a good relationship with; you cannot appoint your attorney or family member as your proxy. 

You may click this link if you want to take advice on creating a powers of attorney.

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You will need to complete a form called an EPA affidavit, which lists the names of the durable agent(s), the date of appointment, and other information. The form should also be filed with the local probate court. 

If you are considering appointing an enduring power of attorney (EPA), there are many benefits to consider. An EPA can provide legal authority and responsibility for your care and finances if you cannot do so yourself. Here are a few key reasons why you may want to appoint an EPA:

An EPA can help ensure that your wishes about medical care and financial decisions are followed should you become incapacitated.

An EPA can act as a legal guardian for your children or other loved ones in case of your incapacity.

Some states require individuals over the age of 55 to appoint an EPA in order to avoid probate estates. If this is something that interests you, it is important to discuss it with a lawyer who is familiar with estate planning laws in your state.