Janet Xuccoa: Your list of trustees has to be tight and reputable
Earlier this year, a Christchurch businessman was found borrowing millions of dollars against his family trusts for his clothing company - racking up a $3-million dollar spend.
His sister prompted legal action, and two homes had to be sold as collateral.
But that brings up a question - what can we leave behind for our children and family that won't just be squandered or swindled?
Trusts and inheritance is a something most families will have to deal with when older-relatives pass, so how assured can we be that assets are protected?
Managing Director for New Zealand Family Trust Servicers…
The skinny
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