28/10/2026
Is it time to wind up your family trust?
With many New Zealand trusts now several decades old, some people are considering whether to bring theirs to an end. But just because friends or family have wound up their trusts doesn’t mean it’s the right decision for you.
Before deciding, it’s worth considering:
• What assets does the trust hold? Consider the nature and value of the assets involved.
• Has gifting been completed? The trust’s gifting position may affect whether it makes sense to wind it up.
• Who are the beneficiaries? Think about who the assets are intended for and how ending the trust could affect those intentions.
• Does the trust still serve a purpose? Your circumstances and plans may have changed since it was established.
Trusts can still serve a useful purpose, whether that’s helping manage family assets, planning for future generations or addressing particular business and relationship property risks.
There’s no one-size-fits-all answer. What matters is making a decision that suits your circumstances.
📞Do you need advice about setting up, reviewing or winding up a trust? Call us on 03 443 0900 or email [email protected].