Any appointment of Redoubt Trustees as a Trustee of your Trust includes a requirement that Redoubt Trust Management Ltd will be responsible for the ongoing management of the Trust. (This is to ensure the proper management of the Trust and the proper involvement of Redoubt Trustees as Trustee). Ongoing management of the Trust is essential and includes:
Schedule of Trust assets and liabilities plus details of the Trustees and the beneficiaries
Appointing an accountant and solicitor to prepare the Trust’s financial accounts and legal documents
Ensuring assets have been transferred to the Trustwith the appropriate documentation
Register the Trust with IRD and GST (if applicable)
Review of the Trust’s investment strategy (if applicable)
Documentation to record Trustee’s meetings, resolutions and annual gifting programme
Unless the Trust Deed details otherwise Trustee decisions must be unanimous. All Trustees should be consulted and be in agreement prior to a decision being made
Retention of all correspondence, contracts and transactions entered into, opinions and legal advice sought
Registered Legal Executive Sue, is responsible for management and administration of our trusts. She has a wealth of knowledge as she has more than 20 years experience in the legal industry, Sue is happy to assist all matters regarding your trust.
Redoubt Trust Management Ltd is committed to the good management and administration of Trusts.
The service will incorporate:
Maintenance of Trust records
Recording Trustee decisions
Liaison with solicitors and accountants
Review of Trust Investments
Newsletter and regular updates
Receiving and reviewing updates and documents for signing.
Fees will be incurred for Trust management/administration and a guideline of expected fees are:
Annual Meeting $350.00
Updating Memorandum of Wishes $150.00 -$350.00
Miscellaneous documents received for review and signing Actual time and Attendance
Any documentation relating to the Anti-Money Laundering legislation for investments is on a time and attendance basis due to the varied requirements of different institutions but generally in a range of between $200.00- $300.00.