Distrust trusts
Damien Grant’s article in the herald on Sunday entitled Trusts industry a costly sham looks at the industry of trusts .
In my work I frequently see the abuse of trust and confusion which arises out of misinformation about trusts.
Very few people appear to grasp the true nature of trusts and that the name given to a trusts is merely a trading name for the group of people who together are the trustees .This name however is not the legal name for the trust .
Only if a trust is incorporated under legislation does it have a name of its own and is capable of sing or being sued under that name.
Unincorporated trusts are sued in the names of the trustees e.g. john Smith, Trevor Black and Mary Green as trustees in whateverthename trust.
Trusts are commonly used in a manner akin to identity fraud so always be sure that you know who you are dealing with and make certain that you get the name of the trustees and have proof that they have obligations to the deed.
Dirty Little words
Undoubtedly the dirtiest words that any one can use in NZ are the F word and he C word.
In my line of business I use them often and I have the distinction of having been sued for using the words.
I fought back against corruption and I was punished for it as it appears that In New Zealand speaking up and exposing corruption is not a cool thing to do.
It appears that in NZ our corruption free status is but an illusion. a statistic which we have to preserve no matter what.
I started my anticorruption blog with this quote it appears appropriate that I do this again
Cold hearted orb that rules the night
Removes the colours from our sight
Red is gray and yellow, white
But we decide which is right
And which is an illusion – moody blues
That first post back in 2009 was Facing reality
we have moved a bit since there but we still have a long way to go.