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.