Page 7 Advertisements Column 1

Press, Volume CIII, Issue 30395, 20 March 1964, Page 7

Wise or Unwise? FACTS ABOUT TRUSTS Reasons for Trusts A great number of people. Including many farmer*, have In recent yean placed their assets In trust for the benefit of their famines. This has been done mainly because of the high rate of taxation and of Death Duty. Not Always Advisable Today however, because of the experience* of some who have created trusts within the past few years. It I* wise to appreciate just what Is Involved In establishing a trust. For example, there have been cases In which settlors, while still comparatively young, have assigned their estate to trustee* when, with their assets, experience and ability, they could well have built medium sized estate* into substantial ones. There have also been cases in which settlor*, with estate* of insufficient size, have been financially dependent on their families tn later year*. Bvea th* reduction* In Death Duties ever the past few year* have minimized th* benefits which were snrirt—re* when certain Trusts were created. The settlor’s family situation may chug* unexpectedly, even tragically, and having disposed of hi* assets to a Trust, be might be powerless to remedy the position. Expert Advice Necessary Formtoiow of a trust I* an act which should b* carefully considered, where sound, experienced advtc* should be sought beforehand. Many have taken advantsga of th* service* offered by The Guardian Trust tn there martere- They, and their families, have found tt well worth while. The Manager *f the Branch la your district will b* •leased to talk tt over with you. (Empowered by Special Act of Parliament 1*83) Christchurch: South British Building, 137 Hereford St Manager. P. R. Vincent HEAD OFFICE: South British Insurance Building, Shortland Street, Auckland.