Janet Zuccoa
speaker
217 appearances
1 recordings
1 series
first heard Dec 2025
last heard 21 Dec
Janet Zuccoa’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Dec 2025 with 1.
Appearances
But if you looked at the assets of the trust, from what he told me, those independent trustees were doing exactly what they were required to do at law.
So I think they were doing probably a fine job, but because of the lack of communication, there's a lack of transparency, and everybody gets a little concerned and worried about that, don't they?
Yeah, that's a large area of debate amongst people because you might recall that many years ago we would set up trusts and pretty much we would divest ourselves of all assets and then we would be almost guaranteed to get a rest home subsidy.
And rest home fees can be really, really high.
Yeah.
Thousands per week.
They can be thousands per week.
And so there are special rules under the Ministry of Social Welfare.
They have special rules on how they evaluate your assets and your wealth, the person that's heading into the rest home.
And indeed, if they're in a couple, there's different rules for that.
The rules can be really complicated and what I would say is that I would get somebody to really oversee those.
So either your lawyer who might understand those rules or even your accountant.
Green Lion is an accounting firm in Parnell and I can tell you that they have a few of those applications come through and the accountants look at that along with the solicitors and they work out whether it is best to carry on with that trust or whether...
the assets should really come out and be returned so that the person can indeed get, you know, might be eligible for a subsidy.
Because just simply putting the assets in a trust now will no longer mean that the government won't look at those trusts at all.
They do look at them and they look at when all the assets went in, what gifting was done, at what time it was done,
Potentially it's safer than... And that's why I say it's worth having your lawyers and your accountants look at that sort of thing.
Right, okay.
Yes, and equally, just because there is a trust, it doesn't mean that the person's never going to get a rest time subsidy.
I think that it's important that it's looked at professionally when the application is being made.
Showing 101–120 of 217 · page 6 of 11
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