Where you are now
You've learned the essentials: what trusts are, who's involved, what they cost, and how the new rules work. That's a solid foundation for deciding whether a trust fits your situation.
The next step is having a conversation with a lawyer who can look at your specific circumstances and give you tailored advice.
Questions to think about
Before you meet with a lawyer, it helps to think through these questions:
What are you trying to achieve?
Asset protection? Family succession planning? Supporting a family member with a disability? Business continuity? Understanding your goals helps determine if a trust is the right tool.
What assets would you include?
Your family home? An investment property? Shares or other investments? A family business? Different assets have different considerations.
Who would be involved?
Who would you trust to be trustees? Who would benefit? Are there family dynamics that need to be considered?
What's your timeframe?
Are you planning for the long term or responding to a specific situation? Is there a property purchase or other event on the horizon?
What happens in an initial meeting
When you meet with us to discuss a trust, here's what you can expect:
We listen to your situation
We'll ask about your family, your assets, and what you are hoping to achieve. There's no pressure—this is about understanding your needs.
We explain your options
A trust might be right for you, or there might be simpler alternatives. We'll explain the pros and cons honestly.
We answer your questions
No question is too basic. We want you to feel confident about whatever decision you make.
We give you time to decide
Setting up a trust is a significant decision. We'll give you a clear proposal to consider in your own time.
Alternatives to consider
A trust isn't always the answer. Depending on your situation, other options might include:
- A well-drafted Will—sometimes this achieves what you need more simply
- A contracting out agreement—to protect assets in a relationship
- Company structures—for business-related asset protection
- Insurance—for some types of risk
We'll help you work out which approach—or combination—best fits your situation.
Why choose Carlile Dowling?
We've been helping Hawke's Bay families with trusts for over 150 years. Here's what that experience means for you:
- Local knowledge—we understand Hawke's Bay families, businesses, and properties
- Long-term relationships—many of our clients are second or third generation
- Plain English advice—we explain things clearly, without unnecessary legal jargon
- Complete service—from initial advice through to ongoing trust administration
Ready to have a conversation?
Whether you are ready to set up a trust or just want to explore your options, we are here to help. The initial conversation is about understanding your situation—there's no obligation.
