Trusts are billed as a way to protect your assets and pass your wealth on to the next generation, and they’ve become a common thing for a family to set-up.   

But the rules around them have changed significantly over the years – so are they still useful, or more hassle than they’re worth?

Henry Stokes is a trust specialist and Perpetual Guardian’s General Council, and joins Nadine to discuss the ins and outs of trusts, and why most of the 400,000 trusts in New Zealand probably serve no purpose at all.

If you have a question you want answered, or a financial story to share, get in touch at nadine.higgins@nzme.co.nz 

Trusts are billed as a way to protect your assets and pass your wealth on to the next generation, and they&rsquo;ve become a common thing for a family to set-up. &nbsp;&nbsp;
But the rules around them have changed significantly over the years &ndash; so are they still useful, or more hassle than they&rsquo;re worth?
Henry Stokes is a trust specialist and Perpetual Guardian&rsquo;s General Council, and joins Nadine to discuss the ins and outs of trusts, and why most of the 400,000 trusts in New Zealand probably serve no purpose at all.
If you have a question you want answered, or a financial story to share, get in touch at&nbsp;<a href="mailto:nadine.higgins@nzme.co.nz">nadine.higgins@nzme.co.nz</a>&nbsp;

The Prosperity Project is a weekly personal finance podcast from the NZ Herald. Join host Nadine Higgins every Monday as she talks to experts from New Zealand and around the world about the biggest money issues to help you become more prosperous.  

Follow The Prosperity Project on iHeartRadio or wherever you get your podcasts. To get in touch with the podcast, email nadine.higgins@nzme.co.nz 

The Prosperity Project is a weekly personal finance podcast from the NZ Herald. Join host Nadine Higgins every Monday as she talks to experts from New Zealand and around the world about the biggest money issues to help you become more prosperous.&nbsp;&nbsp;
Follow The Prosperity Project on iHeartRadio or wherever you get your podcasts. To get in touch with the podcast, email <a href="mailto:nadine.higgins@nzme.co.nz">nadine.higgins@nzme.co.nz</a>&nbsp;