Cone Marshall, a successful law firm based in New Zealand, has recently been the topic of media attention because of the firm’s attention to the family planning needs of the community in New Zealand. Executives at Cone Marshall recently held a summit in which they discussed the importance of the establishment of trusts for families. Cone Marshall has swiftly become one of the leading law firms in the area of trust establishment and holds years of experience in the trust establishment market. Executives of the firm put this experience to good use recently, when they discussed trust options for family members in various circumstances. According to upper level executives at Cone Marshall, trusts are generally thought to be a good option for extremely wealthy families but can also be used to serve families of little means.
Cone Marshall executives described the process of establishing a trusts as one that could be extremely grueling if not handled by experts in the field. Executives stated that trusts should be set up for a family if the family was worth more than 5 million dollars, had dependents who were not able to care for themselves, wished for the estate to be passed directly to the grand children, wished to manipulate the estate for tax purposes, or wished to keep future generations from squandering any possessions upon the demise of the guarantor of the estate. Executives stated that many other circumstances could be a cause for a family to establish a trust, but that these reasons were a few of the common ones.
Executives Geoffrey Cone and Karen Marshall who were at the financial summit went on to discuss the procedures associated with the establishment of a trust. Cone Marshall leaders stated that the process to establish a family trusts usually takes a short time commitment when the trust is established using the help of experts in the field. Depending on the type of trust that is being created, completion of the process can occur less than a week after the initial procedures begin. Cone Marshall has excelled in aiding New Zealand families with the establishment of trusts for several years. Executives of the firm stated that they look forward to continuing a trusted relationship with the residents of New Zealand for many years to come. Executives also discussed other services provided by the Cone Marshall firm including partnership and wealth building services. The company is expected to expand its service packages in the new year.
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Learn more about The Midas Legacy: http://bcexploration.com/index.php/2016/06/13/the-midas-legacys-role-in-your-wealth-management/