Trusts are often set up to protect family assets and are
administered by the family members themselves. While such trusts
may have lower administration costs than those involving
professional trustees, they are at higher risk of being impaired by
disputes between trustees.
By Tara Grant - 15 Nov 2012
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This month, in association with William Buck Christmas Gouwland
Accountants, Martelli McKegg is holding a free seminar.
It will focus on the latest round of tax and property law changes
to affect commercial and residential property investors, landlords
and tenants.
By Kay Keam - 7 Nov 2012
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A recent Environment Court decision limiting effluent flow from
farms has come hot on the heels of a Ministry of Environment report
finding that the water quality at more than half the recreational
swimming spots it monitors is poor or very poor.
By Kay Keam - 1 Nov 2012
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Starting a new company can be risky. There is no guarantee that
all founding members will stay the course. Many people do not
realise the importance of managing this risk through a written
agreement between the founders.
By Melissa Higham - 16 Oct 2012
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The towering 22 storey Spencer on Byron Hotel in Takapuna,
Auckland is a renowned luxury hotel 500 metres from Takapuna Beach
with panoramic views of Rangitoto Island, Auckland Harbour and the
Hauraki Gulf. It's perhaps the stand-out building on the
North Shore, but it's carried a dark secret. It's a "leaky
building".
By Andrew Steele - 12 Oct 2012
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In July this year Inland Revenue released a policy document
setting out changes to the treatment of lease inducement
payments. Those changes were to have effect to inducements
payable on leases entered into on or after 26 July 2012. As a
result of feedback and consultation, Inland Revenue announced
changes to the initial proposal last week.
By Kay Keam - 2 Oct 2012
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The transitional period for body corporate rules expires on 1
October this year. If you are in a body corporate which existed as
at 20 June 2011 then your existing rules will automatically be
replaced with the minimalistic default rules under the Regulations
unless you and your other owners pass new rules and give notice to
LINZ (our land registry).
By Kay Keam - 14 Sep 2012
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When making a Will, one of the important decisions you will make
is who to appoint as executor. The things your executor will have
to do include:
• Applying to the High Court for a grant of probate
• Calling in all estate assets
• Paying all estate liabilities
• Distributing the estate balance to the beneficiaries
pursuant to the terms of your Will
• Ensuring all tax returns are filed
By Catherine Atchison - 12 Sep 2012
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There are many things a buyer must think about when buying
goods. One that is often overlooked, with serious consequences, is
securities which may be registered over the goods you are
buying. If there is a security over the goods you are buying,
you may not get clear title to those goods.
By Melissa Higham - 7 Sep 2012
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The High Court recently confirmed that a claim could proceed
against Auckland Council when the only action within the claimable
ten-year period was issuing the code compliance certificate.
By Andrew Steele - 30 Aug 2012
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