Trustees Executors Private Wealth provides a one team approach, a total wealth management service where you can get everything sorted in one place.
Trustees Executors Private Wealth provides a one team approach, a total wealth management service where you can get everything sorted in one place.
Find out how Trustees Executors can help you, whether you are looking for funding from one of the charitable trusts we administer, or are looking to establish a legacy of your own.
We all want a secure financial future for ourselves and those we care about and where you turn for advice is one of the most important decisions you’ll make. Trustees Executors Private Wealth provides a one team approach, a total wealth management service where you can get everything sorted in one place.
Knowing you have taken the right steps to ensure your loved ones are cared for after you're gone is what estate planning is all about.
Talk with one of our Private Wealth experts who will work alongside you to help you make the most of our services.
There are many ways to grow and protect your wealth, and our skill is to help you understand your choices and create and implement a personal wealth strategy to suit your needs. It all starts with a plan.
We are uniquely placed in the market as the only provider of fund administration, corporate trustee and wealth services in New Zealand.
We are uniquely placed in the market as the only provider of fund administration, corporate trustee and wealth services in New Zealand.
We are uniquely placed in the market as the only provider of fund administration, corporate trustee and wealth services in New Zealand.
Expertise you need, service you deserve. As your trusted and independent licensed supervisor, we deliver our regulatory leadership through collaborative partnerships that protect the interests of your investors.
For more than 25-years we have been leading providers of custody, investment accounting and unit pricing services to the managed fund industry.
For more than 25-years we have been leading providers of custody, investment accounting and unit pricing services to the managed fund industry.
May 26, 2021
Every adult should have a valid and up to date Will. It’s only right that you get to decide how your assets are distributed when you pass away and that those closest to you will benefit from them in the manner you intend. But, one of the (many!) reasons that people shy away from making their Will is a fear that they won’t understand the over complicated Will terminology used.
One of the many questions we get asked is:
What is the difference between an Executor and Trustee of an Estate?
An executor (also referred to as a personal representative) is the person appointed under the terms of your Will to administer your estate after you die. The executor’s duties are to bury the deceased; to prove the Will (that is, apply for a grant from the High Court to obtain legal authority to act in respect of your estate); to make an inventory of assets and liabilities; to get in the assets, to pay the debts, taxes, funeral and administration expenses; and to keep accounts.
Having done these things, the executor will usually have completed the estate administration and will then hold the assets of the estate on trust – thereby effecting the transition from one capacity (executor) to the other (trustee). The trustee will then in accordance with the provisions of your Will pay the legacies and distribute the residue to the persons entitled (as well as keep accounts and report to the beneficiaries).
Usually the person(s) appointed under a Will to administer your estate is/are appointed as executor and trustee. You are entitled to appoint different people to each role if you wish to involve those with specific skill sets and experience. Circumstances where this may be useful include life interests or trusts established by way of your Will. It is worth noting though that depending on the nature of your assets and your wishes, it may be difficult to say exactly when the transition from executor to trustee has happened in any particular case.
Trustees Executors Limited was established in 1881 and is New Zealand’s first Trustee Company.
We provide a full range of financial and trust solutions to individuals, families and the corporate sector, including estate planning, trustee and investment advisory services.
We are a Licensed Financial Markets Supervisor and a leading provider of specialist Corporate Trustee and back-office fund administration services to some of New Zealand’s largest financial institutions, banks and fund managers.
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