Janet Xuccoa: Family Trust Services Managing Director on the Govt making it easier to sell property held in a family trust
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
A view that current family trust laws have too much red tape.
The Government's making it easier to sell property held in a family trust in its latest revamp of anti-money laundering policies.
It means realtors won't need to collect extensive information about a trust's history to make a sale.
Family Trust Services' managing director, Janet Xuccoa told Heather du Plessis-Allan people have to provide the same information to realtors, lawyers, and accountants.
She says the changes are a relief to most providers, as the legislation is complex, time-consuming, and repetitive.
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