McIntyre Dick & Partners is one of Southland's leading chartered accountancy and business advisory firms. We've been around for a while, for over 45 years in fact, and over that time we've worked with hundreds of businesses like yours all around the south. Whether you are just starting out, wanting to grow or looking to sell or pass your business on to the next generation, we can help.

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​Trustees need to minute their decisions

Trustees need to minute their decisions If you have a family trust, be fussy about recording trustees’ decisions. One problem that arises is taking money out of the trust for your own use. This can be: a reduction of money owing to you a distribution of some of the trust income a payment out of the capital of the trust reimbursement for trust expenses paid by you a beneficiary loan It’s important to clarify these withdrawals. This is done by means of a trustee minute. If there could be any doubt about the reason for a transaction, be sure to prepare a trustee minute and make s…

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